# OPEC Decides to Boost Production Further in August | Rigzone

> OPEC's statement confirmed that Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman will raise output by 188,000 bpd in August. The increases are identical to the monthly adjustments announced from March through June.

- Date: 2026-07-06 · published 2026-07-06T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/18253-opec-decides-to-boost-production-further-in-august-rigzone
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Repeated identical monthly increases signal a steady, incremental supply expansion rather than a shock, so the price impact is limited but still bearish for crude.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-05-25 | [Russia and Opec agree to boost oil production – The Irish Times](https://feedsoft.ai/events/64939-russia-and-opec-agree-to-boost-oil-production-the-irish-times.md) | -3.5% | -5.4% |
| BRENT | 2025-09-08 | [OPEC Opts for 137K Bpd Production Adjustment \| Rigzone](https://feedsoft.ai/events/22771-opec-opts-for-137k-bpd-production-adjustment-rigzone.md) | +3.4% | +0.2% |
| BRENT | 2026-07-05 | [OPEC+ countries agree to increase oil production in August \| AP News](https://feedsoft.ai/events/18250-opec-countries-agree-to-increase-oil-production-in-august-ap-news.md) | +7.0% | +33.1% |
| BRENT | 2025-06-01 | [OPEC+ to Increase Oil Production—Again](https://feedsoft.ai/events/24856-opec-to-increase-oil-production-again.md) | +4.9% | +7.0% |
| BRENT | 2025-07-05 | [OPEC+ members agree to larger-than-expected oil production hike in August](https://feedsoft.ai/events/23671-opec-members-agree-to-larger-than-expected-oil-production-hike-in-august.md) | +2.2% | +0.7% |
| WTI | 2018-05-25 | [Russia and Opec agree to boost oil production – The Irish Times](https://feedsoft.ai/events/64939-russia-and-opec-agree-to-boost-oil-production-the-irish-times.md) | -7.0% | -2.7% |
| WTI | 2025-09-08 | [OPEC Opts for 137K Bpd Production Adjustment \| Rigzone](https://feedsoft.ai/events/22771-opec-opts-for-137k-bpd-production-adjustment-rigzone.md) | +1.3% | -1.1% |
| WTI | 2026-07-05 | [OPEC+ countries agree to increase oil production in August \| AP News](https://feedsoft.ai/events/18250-opec-countries-agree-to-increase-oil-production-in-august-ap-news.md) | +3.9% | +23.4% |

## Sources

- rigzone.com: https://www.rigzone.com/news/opec_decides_to_boost_production_further_in_august-06-jul-2026-184064-article/

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