EnergyReader · 2026-08-03 10:11

OPEC+ Votes 188,000 bpd September Increase With Hormuz Still Shut

By EnergyReader Newsroom · August 3, 2026

Saudi Arabia, Russia and five other key OPEC+ members agreed in an online meeting on Sunday (2026-08-02) to raise collective output by 188,000 barrels a day from September, extending the group's gradual unwinding of a production cut package agreed in November 2023. ICE Brent crude front-month traded at $83.67 a barrel on Monday (2026-08-03), down 0.49% on the session, while NYMEX WTI front-month sat at $80.05, off 0.14%.

This piece has moved into our archive. We keep the full historical record — pricing, storage, weather, positioning — for our own research, and license access to it separately. Contact us about archive access →

What to watch Track the live series behind this story — history, latest readings and our coverage.

Strait of Hormuz oil/LNG transit flows →

Connected coverage Stories linked to Strait of Hormuz through the market graph: same hub, spread, route or driver.

Hormuz Clears but Saudi Arabia's Two Backup Export Routes Stay Blocked 10h ago · Strait of Hormuz same market Iraq Exports Still a Million Barrels Short of Pre-War Levels as Hormuz Transits Swing 15h ago · Strait of Hormuz same market Asian Refiners Pay Record Dubai Premiums as Futures Markets Signal Diverging Supply 15h ago · Dubai Crude via Strait of Hormuz Disruption Risk Brent Crude Holds Above $102 as Hormuz Constraints and OPEC Cuts Keep Supply Tight 4h ago · Brent via Strait of Hormuz Disruption Risk Asian LNG Demand Set to Fall Up to 10% as Elevated Prices Deter Buyers 33m ago · JKM via Strait of Hormuz Disruption Risk ICE Brent Crude Front-Month Hits $104.80 as Equity Markets Stay Calm Through Seven-Month Supply Crunch 10h ago · Brent via Strait of Hormuz Disruption Risk

Get this in your inbox

Daily briefings for commodity traders

Related Markets

OPEC+ OPEC Strait of Hormuz Brent Crude Oil CME WTI