OPEC+ Plans to Raise September Output by 188,000 Barrels/Day, Then Pause Rest of Year

According to OPEC+ representatives, the organization plans to raise its September production quota by 188,000 barrels per day at a meeting scheduled for around August 2, marking the final increase in its current adjustment phase with no further quota increases planned for the remainder of 2026. The pause reflects OPEC+'s ongoing assessment of supply impacts from the Iran conflict.
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