EconomyPublished: 2 August 2026 at 23:49

OPEC+ Agrees to Increase Oil Production Quotas for September

The OPEC+ alliance of oil-producing countries agreed on Sunday to increase oil production quotas for September by 188,000 barrels per day.

The OPEC+ alliance of oil-producing countries announced on Sunday that it has agreed to increase production quotas for September. The increase will amount to 188,000 barrels per day. This decision means that the member countries will collectively produce more oil, potentially affecting global market supply.

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