ME News reports that on August 2 (UTC+8), a statement revealed that OPEC+ agreed to increase its September oil production quota by 188,000 barrels per day. Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman agreed to adjust production and reaffirmed their commitment to market stability. The next meeting is scheduled for September 6. (Source: ODAILY)
OPEC+ Agrees to Increase September Oil Production Quota by 188,000 Barrels per Day
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Summary
OPEC+ has confirmed a September oil production increase of 188,000 barrels per day, with key members including Saudi Arabia, Russia, and Iraq adjusting output. The move aims to stabilize markets ahead of the September 6 meeting. Traders are monitoring altcoins, as energy shifts may influence the Fear & Greed Index.
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