OPEC+ adjusts August production, reaffirms stability commitment; next meet August 2
- Posted on July 5, 2026
- By Business News Today
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- 1 min read
OPEC+ adjusts August production, reaffirms stability commitment; next meet August 2
Seven OPEC+ nations, including Saudi Arabia and Russia, have agreed to a 188,000 barrels per day production adjustment starting August 2026. This move partially unwinds voluntary cuts announced in April 2023, with individual country allocations detailed. The group emphasized a cautious approach, retaining flexibility to alter production based on market dynamics and to compensate for past overproduction.
