OPEC+ Including Kazakhstan Agrees to 188,000 bpd Output Increase from September
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Saudi Arabia, Russia, and five other OPEC+ nations — including Kazakhstan — have agreed to increase oil production by 188,000 barrels per day from September, the group announced after an online meeting. Kazakhstan's quota for September is set at 1.628 million bpd. The move aims to accelerate compensation for previous voluntary output cuts while maintaining market stability.
The September Output Hike
The seven OPEC+ nations — Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman — held an online meeting on August 2, 2026, and decided to increase their combined oil production by 188,000 barrels per day starting in September. The move follows earlier voluntary cuts beyond OPEC+ baseline quotas and is intended to accelerate compensation for those reductions. The decision was announced on the OPEC website and reflects the group's assessment of current global market conditions.
Kazakhstan's September Quota
Under the new schedule, Kazakhstan's production target for September 2026 is set at 1.628 million barrels per day. Saudi Arabia and Russia have the highest quotas at 10.478 million and 9.949 million bpd, respectively, while Oman has the lowest at 841,000 bpd. Quotas for Iraq, Kuwait, and Algeria were also adjusted in line with the agreed plan.
Market Stability Commitment
Participants reaffirmed their commitment to maintaining market balance and stability, a cornerstone of OPEC+ policy. The seven ministers are scheduled to hold their next monthly meeting on September 6, 2026, to continue monitoring market developments. OPEC+ plays a critical role in influencing global oil supply, prices, and the fiscal health of member economies including Kazakhstan.
What's Next
The next OPEC+ ministerial meeting is set for September 6, 2026, where members will review market conditions and potential further adjustments. Whether the planned increase will be sufficient to stabilize prices or meet fiscal targets remains uncertain amid fluctuating global demand.
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OPEC+ Including Kazakhstan Agrees to 188,000 bpd Output Increase from September
