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Economy News

The Economic Times

Economy / The Economic Times

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OPEC+ agrees September oil hike, completing rollback of voluntary cuts

OPEC+ approved an oil production increase of 188,000 barrels daily for September. This move completes the unwinding of voluntary output cuts made earlier. The group is reviewing production capacity before setting new quotas for 2027. Attacks on energy assets remain a concern impacting supply and repairs.

2 Aug 2026 7:31 pm