# OPEC+ approves September output hike, completes 2023 cuts rollback

> Seven OPEC+ countries met virtually on August 2, 2026 and agreed to a 188,000 barrel per day production target increase for September. The breakdown was 62,000 bpd each from Saudi Arabia and Russia, with smaller increases from Iraq, Kuwait, Kazakhstan, Algeria and Oman.

- Date: 2026-09-01 · published 2026-09-01T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/17823-opec-approves-september-output-hike-completes-2023-cuts-rollback
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The country-level increases add to nominal OPEC+ supply, which is bearish for crude. Because the same increments were announced monthly, the market reaction is expected to be small.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-08-02 | [OPEC+ agrees September oil hike, completing rollback of voluntary cuts \| Reuters](https://feedsoft.ai/events/17819-opec-agrees-september-oil-hike-completing-rollback-of-voluntary-cuts-reuters.md) | -7.5% | -1.7% |
| WTI | 2026-08-02 | [OPEC+ approves 188,000 bpd oil output hike for September amid supply disruptions, fully reverses 2023 output cuts \| Mint](https://feedsoft.ai/events/17822-opec-approves-188-000-bpd-oil-output-hike-for-september-amid-supply-disruptions.md) | -7.5% | -1.7% |
| 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 | 2025-09-28 | [EXCLUSIVE: OPEC+ plans another oil output hike in November, sources say \| Reuters](https://feedsoft.ai/events/22770-exclusive-opec-plans-another-oil-output-hike-in-november-sources-say-reuters.md) | -7.3% | -6.4% |
| WTI | 2025-03-04 | [Exclusive: Kazakh overproduction helped sway OPEC+ to approve output hike, sources say](https://feedsoft.ai/events/25484-exclusive-kazakh-overproduction-helped-sway-opec-to-approve-output-hike-sources.md) | -3.4% | +4.7% |
| BRENT | 2026-08-02 | [OPEC+ agrees September oil hike, completing rollback of voluntary cuts \| Reuters](https://feedsoft.ai/events/17819-opec-agrees-september-oil-hike-completing-rollback-of-voluntary-cuts-reuters.md) | -8.5% | -4.2% |
| BRENT | 2026-08-02 | [OPEC+ approves 188,000 bpd oil output hike for September amid supply disruptions, fully reverses 2023 output cuts \| Mint](https://feedsoft.ai/events/17822-opec-approves-188-000-bpd-oil-output-hike-for-september-amid-supply-disruptions.md) | -8.5% | -4.2% |
| 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

- ogj.com: https://www.ogj.com/general-interest/economics-markets/news/55395200/opec-approves-september-output-hike-completes-2023-cuts-rollback

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