Overview

• Eight major producers led by Saudi Arabia and Russia will supply the 548,000 bpd boost in August.
• This rise is the biggest monthly increase since the alliance began rolling back its 2.2 million bpd voluntary cut in April.
• After this hike, just 280,000 bpd remains to fully unwind the April 2025 cuts on the original roadmap.
• Despite reclaiming supply, OPEC+ still enforces additional cuts totalling 3.66 million bpd across other layers.
• The alliance is responding to firm summer demand and competing U.S. shale output even as quota compliance strains relations among members.