The decision is expected to be made Sunday as the alliance completes the latest stage of its plan to unwind voluntary production cuts.
The seven core members involved in the latest quota increases — Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman — have raised monthly production targets for much of 2026.
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However, actual output increases have generally lagged behind the higher quotas, with disruptions linked to the wars in Iran and Ukraine affecting exports from Gulf producers as well as Russia and Kazakhstan.
After September, OPEC+ is likely to pause further increases for the remainder of the year, an OPEC+ delegate and another source told Reuters.
The September adjustment would complete the phased rollback of a 1.65 million-barrel-per-day production cut agreed in 2023.
OPEC+ is also reviewing the production capacity of its members as it prepares to establish new output baselines for 2027. Those baselines will determine how production quotas are distributed among members.
A pause after September would leave roughly 2 million barrels per day in OPEC+ cuts dating back to 2022 still in place until the group reaches an agreement on how to allocate additional production capacity.
The next phase could prove more difficult as some members push for higher individual quotas.
Iraq, among others, is seeking a larger production allowance to reflect what it says is increased capacity.
The group’s decisions will be closely watched by oil markets as producers balance pressure to increase output against the need to manage supply and support market stability.
