Overview

• Eight core members—Saudi Arabia, Russia, the UAE, Kuwait, Oman, Iraq, Kazakhstan and Algeria—will supply the additional 548,000 bpd in August.
• Since April, the alliance has unwound 1.918 million bpd of its 2.2 million bpd voluntary cuts, leaving 280,000 bpd still to be restored.
• The August increase marks a sharp rise from the 411,000 bpd monthly hikes approved in May, June and July and the 138,000 bpd boost in April.
• The alliance shifted strategy in 2025 to defend market share against rising US shale production and meet seasonal fuel demand.
• Persistent quota breaches by members and forecasts of a late-year oversupply underscore growing internal strains and market risks.