OPEC adjusts oil production by 188K bpd. Crude oil reaching a new all-time high by September 30 at 2.5% YES.

OPEC+ plans to increase oil production quotas amid regional stabilization. New all-time high for crude oil by December 31 at 7.5% YES.

Seven OPEC+ nations, including Saudi Arabia and Russia, have agreed to a 188,000 barrels per day production adjustment starting August 2026. This move partially unwinds voluntary…