OPEC+ approves 188,000 bpd oil output hike for September amid supply disruptions, fully reverses 2023 output cuts

After 215 past bearish policy events, Crude Oil (WTI) moved a median +0.1% over 5 sessions (51% higher; middle half -4.4% to +3.3%), and +0.2% over 20.

• Sep 1, 2026OPEC+ approves September output hike, completes 2023 cuts rollback+6.6%
• Jul 18, 2022OPEC+ Agrees to 100,000 bpd Oil Production Increase for September-2.2%
• Aug 2, 2026OPEC+ to Raise Oil Output by 188,000 Barrels a Day From September - Seoul Economic Daily-7.5%
• Feb 25, 2026EXCLUSIVE: OPEC+ to consider 137,000 bpd oil output increase for April, sources say | Reuters+13.5%
• Sep 1, 2021Opec+ stays the course to bring 400,000 bpd supply to the market in September | The National+1.3%

After 210 past bearish policy events, Crude Oil (Brent) moved a median -0.9% over 5 sessions (48% higher; middle half -3.8% to +3.2%), and +0.2% over 20.

• Sep 1, 2026OPEC+ approves September output hike, completes 2023 cuts rollback+11.3%
• Jul 18, 2022OPEC+ Agrees to 100,000 bpd Oil Production Increase for September-1.5%
• Aug 2, 2026OPEC+ to Raise Oil Output by 188,000 Barrels a Day From September - Seoul Economic Daily-8.5%
• Feb 25, 2026EXCLUSIVE: OPEC+ to consider 137,000 bpd oil output increase for April, sources say | Reuters+16.0%
• Sep 1, 2021Opec+ stays the course to bring 400,000 bpd supply to the market in September | The National-2.2%