# OPEC+ agrees September oil hike, completing rollback of voluntary cuts | Reuters

> OPEC+ core members approved a production quota increase of about 188,000 barrels per day for September, completing the rollback of a 1.65 million bpd voluntary cut from 2023. Successive monthly hikes this year have largely stayed on paper because Gulf, Russian and Kazakh export disruptions persist.

- Date: 2026-08-02 · published 2026-08-02T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/17819-opec-agrees-september-oil-hike-completing-rollback-of-voluntary-cuts-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A completed rollback adds nominal supply, which is mildly bearish for crude, but the Hormuz constraints limit real barrels reaching the market. Lower crude eases diesel and fertilizer costs for feed production over time, with limited near-term price impact.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-09-01 | [OPEC+ approves September output hike, completes 2023 cuts rollback](https://feedsoft.ai/events/17823-opec-approves-september-output-hike-completes-2023-cuts-rollback.md) | +6.6% | +12.1% |
| WTI | 2021-07-18 | [OPEC+ agrees oil supply boost after UAE, Saudi reach compromise \| Reuters](https://feedsoft.ai/events/45985-opec-agrees-oil-supply-boost-after-uae-saudi-reach-compromise-reuters.md) | +0.6% | -4.7% |
| WTI | 2025-07-07 | [EXCLUSIVE: OPEC+ set to complete big oil output cut unwinding in Sept, sources say \| Reuters](https://feedsoft.ai/events/23670-exclusive-opec-set-to-complete-big-oil-output-cut-unwinding-in-sept-sources-say.md) | +2.4% | +0.7% |
| WTI | 2021-06-22 | [OPEC+ discusses further easing of oil cuts from August -sources \| Reuters](https://feedsoft.ai/events/46494-opec-discusses-further-easing-of-oil-cuts-from-august-sources-reuters.md) | -0.9% | -8.5% |
| WTI | 2022-01-04 | [OPEC+ agrees oil output increase from February \| Reuters](https://feedsoft.ai/events/43057-opec-agrees-oil-output-increase-from-february-reuters.md) | +2.8% | +16.0% |
| BRENT | 2026-09-01 | [OPEC+ approves September output hike, completes 2023 cuts rollback](https://feedsoft.ai/events/17823-opec-approves-september-output-hike-completes-2023-cuts-rollback.md) | +11.3% | +24.7% |
| BRENT | 2021-07-18 | [OPEC+ agrees oil supply boost after UAE, Saudi reach compromise \| Reuters](https://feedsoft.ai/events/45985-opec-agrees-oil-supply-boost-after-uae-saudi-reach-compromise-reuters.md) | +0.6% | -4.4% |
| BRENT | 2025-07-07 | [EXCLUSIVE: OPEC+ set to complete big oil output cut unwinding in Sept, sources say \| Reuters](https://feedsoft.ai/events/23670-exclusive-opec-set-to-complete-big-oil-output-cut-unwinding-in-sept-sources-say.md) | +2.2% | +0.7% |

## Sources

- cnbc.com: https://www.cnbc.com/2026/08/02/opec-agrees-september-oil-hike-completing-rollback-of-voluntary-cuts.html
- reuters.com: https://www.reuters.com/business/energy/opec-has-agreement-principle-september-quota-increase-pause-thereafter-source-2026-08-02/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.