OPEC+ To Raise Crude Oil Production By 547,000 bpd In September

Eight OPEC+ countries have disclosed reason it agreed to raise their crude oil production by 547,000 barrels per day (bpd) in September 2025, citing response to improved global economic growth and improved oil market fundamentals, reports Business Today NG.
The decision follows a virtual meeting where Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirmed their commitment to ensuring market stability on Sunday, 3 August, 2025.
The move marks the fourth monthly increment in a phased rollback of 2.2 million bpd in voluntary production cuts, which were introduced in April and November 2023 to support prices during market uncertainties.
“The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman.
“In accordance with the decision agreed upon on 5 December 2024 to start a gradual and flexible return of the 2.2 million barrels per day voluntary adjustments starting from 1 April 2025, the eight participating countries will implement a production adjustment of 547 thousand barrels per day in September 2025 from August 2025 required production level.”
Recall that the group began the phase-out in April 2025, based on a decision made on December 5, 2024, which allowed for a gradual and flexible return of withheld volumes.
The group noted in a joint statement that the phase-out could be paused or even reversed, depending on how market conditions evolve. They emphasized that monthly reviews would continue to play a key role in shaping future decisions.