EnergyReader · 2026-08-02 15:33

OPEC+ Signals September Exit From Production Hikes With Surplus Risk Growing

By EnergyReader Newsroom · August 2, 2026

OPEC+ is expected to approve another 188,000 barrels per day production increase when its members next convene, according to Rystad Energy analyst Jorge Leon, with September's addition likely marking the end of the current rollout phase that has run through much of 2026. ICE Brent crude front-month closed at $91.04 per barrel on Friday (2026-07-31), holding elevated despite months of steady incremental supply additions from the group.

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