New Delhi, Aug. 3 -- Seven of the most consequential oil producers in the world met on Sunday and decided, as they have been deciding at roughly monthly intervals since early 2026, to pump a little more. Russia, Saudi Arabia, Iraq, Algeria, Kuwait, Kazakhstan, and Oman agreed to raise their combined permitted production by 188,000 barrels per day from August levels, according to an OPEC+ statement, as TASS reported. Russia's individual share of that increase is 62,000 barrels per day, lifting its permitted ceiling to 9.949 million barrels per day for September.

not a policy reversal, not a dramatic intervention, but a continuation of a trajectory toward higher output that the group established months ago and has been executing on schedul...