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OPEC+ Plans to Resume Remaining Production Cuts by End of September, Aims to Restore 1.65M Bpd

GateNews

2026-05-14 10:44:11

According to multiple representatives cited by foreign media on May 14, OPEC+ key members plan to continue phasing in production increases over the coming months to restore the remaining portion of previously suspended capacity by the end of September. The group has formally agreed to recover approximately two-thirds of the 1.65 million barrels per day (bpd) production cuts implemented in 2023. However, representatives noted that most major members are facing challenges in achieving these production targets due to export disruptions in the Persian Gulf region.

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