Two OPEC+ delegates said the group expects to pause quota increases for the remainder of the year after a final raise in September as it assesses rapid supply changes from the Iran war. OPEC+ plans to meet around Aug 2 to approve a September quota rise of 188,000 bpd, completing the current phase of increases; no further lifts are planned this year but the schedule could be adjusted if conditions change.

2026-07-28

Two OPEC+ delegates said the group expects to pause quota increases for the remainder of the year after a final raise in September as it assesses rapid supply changes from the Iran war. OPEC+ plans to meet around Aug 2 to approve a September quota rise of 188,000 bpd, completing the current phase of increases; no further lifts are planned this year but the schedule could be adjusted if conditions change.