OPEC+ announces an increase of 547,000 barrels per day in its oil production since September

In a virtual meeting held this Sunday, eight members of the Organization of the Petroleum Exporting Countries and allies (OPEC+), including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, agreed to a joint increase of 547,000 barrels per day in their production quotas starting in September 2025.

The adjustment, equivalent to four monthly increases, is part of the group's plan to return to the market the 2.2 million barrels per day voluntarily cut in 2023.

This increase, the sixth consecutive increase since April, was anticipated based on current crude oil prices, which is why no surprises are expected at the market opening on Monday . In fact, prices had already reacted on Friday: Brent fell 3.94 percent to $69.67 per barrel , while WTI fell 2.79 percent to $67.33.

With this decision, OPEC+ will have completed in just six months a process that was initially planned to take a year and a half. This accelerated pace, however, could exert downward pressure on international prices in a context already marked by volatility stemming from geopolitical tensions and the tariff policy of U.S. President Donald Trump.

The energy bloc indicated that it will continue to monitor the market monthly, assessing compliance with production commitments and the need for further adjustments. The next follow-up meeting is scheduled for September 7.