OPEC+ Keeps Oil Output Policy Unchanged Amid Ongoing Capacity Review

OPEC+ members have decided to maintain their oil output policy unchanged at this Sunday's meeting. The group will keep production levels flat for October 2026, following a months-long rollback of voluntary cuts. This decision comes after completing a phased return of barrels withheld since 2023.

The final piece of the unwinding landed in September 2026, with an increase of 188,000 bpd. With this rollback complete, OPEC+ appears content to let the market digest the additional supply before making further moves.

A separate set of OPEC+ cuts totaling around 2 million bpd remains firmly in place through December 31, 2026. The September 6-7 meeting is expected to be largely procedural, with the real action happening behind the scenes.