Geo News
Community curated by people like you
LatestAICryptoHealthWorld AffairsUS Politics

OPEC+ dynamics stories

Aug 2, 2026

OPEC+ agrees to raise oil production quotas by 188,000 barrels per day in September, then pause through year-end

The alliance of oil-producing nations has reached an agreement in principle to increase production targets by approximately 188,000 barrels per day starting in September, followed by a suspension of further increases through the fourth quarter of 2026.

Aug 2, 2026·4 sources
00

Top claims

  • ▪Russian oil production is hovering at around nine million barrels per day, compared with a target of 9.8 million barrels per day, due to Ukrainian drone attacks.
  • ▪Seven core OPEC+ members plan to approve a production quota increase of 188,000 barrels per day for September 2026.
  • ▪Between late 2022 and 2023, OPEC+ agreed to cut oil production in three separate rounds, reducing total output by nearly six million barrels per day.

Subtopics

Energy security & geopolitics1Global energy1Oil market1Oil politics & energy geopolitics1OPEC dynamics1

Related timelines

Congress

108 stories

Iran War

209 stories

Payments

118 stories

Russia-Ukraine war

136 stories

Trump administration

116 stories