Breaking News: OPEC+ V8 Increases Production Ceiling by 547 kb/d in September

A F Alhajji

Aug 03, 2025

The group of 8 within OPEC+ (The V8) concluded its monthly meeting, deciding to raise the production ceiling by 547 kb/d in September, returning all 2.2 mb/d voluntary cuts to the market.

We emphasize that this is the "production ceiling," not "actual production," and that production differs from exports.

The market impact is limited as the decision was anticipated.

Please see below:

Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to market stability on current healthy oil market fundamentals and steady global economic outlook and adjust production