EnergyReader · 2026-08-04 06:37

OPEC+ Closes Out Its 2023 Output Cut Reversal as Kuwait Production Rebounds Sharply

By EnergyReader Newsroom · August 4, 2026

Seven core OPEC+ members agreed on Sunday (2026-08-02) to raise collective output by 188,000 barrels per day from September, completing the phased reversal of a 1.65 million bpd voluntary production cut the group first adopted in 2023. The participating countries are Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan, and Oman, according to CNBC.

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Brent Crude Holds Above $102 as Hormuz Constraints and OPEC Cuts Keep Supply Tight 1d ago · Brent via Saudi Crude Production / OP… Asian Refiners Pay Record Dubai Premiums as Futures Markets Signal Diverging Supply 1d ago · Dubai Crude via Saudi Crude Production / OP… ICE Brent Crude Front-Month Hits $104.80 as Equity Markets Stay Calm Through Seven-Month Supply Crunch 1d ago · Brent via Saudi Crude Production / OP… Woodside Posts 35% Jump in Realised Price as Second-Quarter Volumes Fall 8% 14m ago · Woodside same desk NYMEX WTI Rebounds to $103 as Saudi Export Detour Proves Only Partial Fix for Disrupted Pipeline 57m ago · WTI same desk WTI Settles Near $102 as Hormuz Flow Data Dispute Clouds Supply Recovery 1h ago · WTI same desk

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