New Delhi, Aug. 3 -- OPEC+ has approved an increase in oil production of around 188,000 barrels per day (bpd) for September 2026, as the producer group reaffirmed its commitment to supporting stability in the global oil market.

In an official statement, the seven OPEC+ countries that had previously announced additional voluntary production adjustments in April and November 2023 said they reviewed global market conditions and the outlook before taking the decision.

The participating countries - Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman - agreed to implement a production adjustment of 188,000 barrels per day in September 2026 from the additional voluntary production cuts announced in April 2023.

The group said the ...