Key facts
- OPEC+ is expected to approve one final production increase for September.
- OPEC+ plans to hold monthly quota targets steady through the end of 2026.
- The group is reviewing sustainable production capacities.
- These capacities will set baselines for 2027.
The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, is expected to approve one final production increase for the month of September. Following this adjustment, the group plans to hold its monthly quota targets steady through the end of 2026. This decision reflects a strategy to maintain stability in oil markets over the coming years. Currently, OPEC+ is undertaking a review of sustainable production capacities. The findings from this review will be used to establish new baselines for production quotas starting in 2027. This forward-looking approach indicates a desire to manage oil output in a structured manner beyond the current target period.