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OPEC+ reportedly plans to continue increasing production, aiming to fully restore all reduced output quotas by the end of September

OPEC+ reportedly plans to continue increasing production, aiming to fully restore all reduced output quotas by the end of September

金十金十2026/05/14 10:41
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```htmlGolden Ten Data reported on May 14, citing multiple representatives from foreign media, that although many production increases currently remain only "on paper," key OPEC+ members plan to continue advancing quota increases over the coming months, striving to complete the final phase of previously suspended capacity recovery by the end of September. OPEC+ has already officially agreed to restore about two-thirds of the supply cut of 1.65 million barrels per day implemented in 2023. Three representatives stated that OPEC+ intends to continue gradually raising production targets over the next three months to restore the remaining supply, but due to the Iran war causing disruptions to Persian Gulf exports, most major members are unable to actually deliver these production increases.```
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