OPEC+ voluntary producers monthly meeting - August 2026
Seven OPEC+ members (Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman) met online on August 2, 2026 to set September 2026 output. They agreed to unwind a further 188,000 barrels per day of the 1.65 million barrel per day voluntary cut announced in April 2023, effective in September. The next meeting is set for September 6, 2026.
Recorded figures
- Actual
- 188,000 b/d increase for September 2026
- Previous
- 188,000 b/d increase for August 2026
- Status
- Held 2 August 2026 by videoconference; seven participating countries agreed the increase
- next meeting
- 6 September 2026
As of Aug 2, 2026
Media
Seven OPEC+ members meet on oil production levels, August 2, 2026
Archive photo · Source: شانا
Sources
Cited Jul 6, 2026
Shana · شبکه اطلاعرسانی نفت and انرژی
هفت عضو اوپکپلاس تصمیم گرفتند ۱۸۸ هزار بشکه از کاهش عرضه داوطلبانه روزانه یکمیلیون و ۶۵۰ هزار بشکهای را که در آوریل ۲۰۲۳ اعلام شده بود، لغو کنند. بازگرداندن این مقدار در سپتامبر ۲۰۲۶ اجرا خواهد شد.
Cited Aug 2, 2026
Related events
IEA Oil Market Report - September 2026 edition
The IEA releases its monthly Oil Market Report on September 11, 2026.
68th OPEC+ Joint Ministerial Monitoring Committee (JMMC) meeting
The OPEC+ Joint Ministerial Monitoring Committee, made up of Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Nigeria, Algeria and Venezuela, convenes on October 4, 2026. The committee reviews members' conformity with production commitments and the delivery of compensation plans, and holds no authority to set output levels. The date was announced at the close of the 67th meeting on August 2, 2026.
42nd OPEC and non-OPEC Ministerial Meeting
The 42nd OPEC and non-OPEC Ministerial Meeting is held in Vienna on November 29, 2026. The meeting sets member production levels for the coming period and affects global oil prices and Iran's economy.
Russia gasoline and diesel export ban expires (31 January 2027)
The Russian government said in a statement on 30 July 2026 (8 Mordad 1405) that it had extended its ban on gasoline and diesel exports until 31 January 2027 (11 Dey 1405). The new scope also covers marine fuel and gasoil, while some fuel exports continue under intergovernmental agreements and as humanitarian aid. The date recorded here is the announced end of the ban period.
OPEC+ voluntary producers monthly meeting - September 2026
Seven OPEC+ members (Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman) hold their monthly online meeting to review oil market conditions and set the following month's production level. The session continues the phased unwinding of the April 2023 voluntary supply cuts. The date was announced by the OPEC Secretariat at the close of the August 2, 2026 meeting.
