The group plans a final 188,000 bpd rise next month before halting further quota increases through year-end.
OPEC+ will approve a 188,000-barrel-per-day increase in its combined September output target, matching prior monthly hikes. The move completes the phased return of a 1.65-million-bpd voluntary cut agreed in 2023, adjusted for the UAE’s exit in May.
The group had previously raised quotas by 188,000 bpd in June, July, and August. Sources indicate OPEC+ will pause further increases after September, keeping targets steady until December.
No immediate market reaction was reported following the announcement.