OPEC+ Prepares to Stop Raising Oil Output Targets | EN590 Commodities
EN590 Commodities GroupCrude Oil July 28, 2026
OPEC+ Prepares to Stop Raising Oil Output Targets What I Cover
Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and… OPEC+ is preparing to approve one more production increase for September and then put the monthly quota parade on hold through the end of the year. Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan, and Oman are expected to raise their combined September target by about 188,000 barrels per day when they meet on August 2, sources told Reuters. That would match the increases announced forJune, July, and Augustand complete the return of a 1.65-million-bpd voluntary cut agreed in 2023, adjusted for the UAE’s departure from OPEC in May. Then OPEC+ appears ready to stop. One source said current p
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