India, Aug. 3 -- OPEC+ has approved a 188,000 barrels per day (BPD) oil production increase from September 2026, continuing the gradual reversal of output cuts introduced in 2023. However, geopolitical tensions, supply disruptions, and production constraints may limit the immediate impact on global crude oil markets.

Key Highlights OPEC+ to raise oil production by 188,000 BPD from September. Decision continues the rollback of 2023 production cuts. Middle East tensions and the Strait of Hormuz may restrict actual supply. Analysts expect stable production in Q4 2026 after the September increase. New Delhi, Aug 03: OPEC+ has agreed to increase crude oil production by approximately 188,000 barrels per day (BPD) from September 2026, marking ...