Seven OPEC+ members to raise oil output by 188,000 bpd in September

Seven OPEC+ member countries agreed on Sunday to increase their combined oil production by 188,000 barrels per day (bpd) in September, in line with market expectations.

Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman held a virtual meeting to review global market conditions and outlook, according to a statement from OPEC.

In line with their collective commitment to support oil market stability, the seven countries agreed to raise their combined oil output by 188,000 bpd in September as part of the phased unwinding of the additional voluntary production cuts of 1.65 million bpd announced in April 2023.

Under the decision, Saudi Arabia and Russia will each increase production by 62,000 bpd. Iraq will raise output by 26,000 bpd, Kuwait by 16,000 bpd, Kazakhstan by 10,000 bpd, Algeria by 6,000 bpd and Oman by 5,000 bpd.

The group’s next meeting is scheduled for Sep. 6.

– Production cuts

OPEC+’s production cuts had reached a combined 5.85 million bpd as of March 2025. The total consisted of a 2 million bpd cut announced in October 2022, a voluntary cut of 1.65 million bpd announced in April 2023 and an additional voluntary cut of 2.2 million bpd announced in November 2023.

The seven countries gradually unwound the 2.2 million bpd portion of those cuts between April and September last year. The phased rollback of the remaining 1.65 million bpd voluntary cuts began in October 2025.

• Seven OPEC+ member countries
• The seven countries gradually unwound the 2.2 million bpd portion