Symbolic imageWith Sunday's decision to add 188,000 barrels a day in September, the seven producers have restored all the output voluntarily withheld since 2023, capping six straight monthly increases.
OPEC+ is the alliance of OPEC states and allied oil producers that coordinates how much crude reaches the market. In 2023 the group agreed voluntary production cuts, and members have since been deciding month by month how much of that withheld supply to bring back.
Seven OPEC+ states agreed on Sunday to lift oil production by 188,000 barrels per day in September, the sixth monthly increase in a row. The step finishes unwinding the voluntary cuts the group agreed in 2023.