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    "headline": "OPEC+ seven raises September oil output quota by 188,000 bpd as voluntary cut phaseout ends",
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    "prose": "The OPEC+ seven (Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman) will raise their September 2026 oil production quota by 188,000 barrels per day compared with August 2026, bringing the monthly quota to 31.01 million bpd, according to OPEC data and TASS calculations. [^1]\n\nInternational oil prices recorded new gains during the Asian trading session on September 1, 2026, driven by escalating tensions between the United States and Iran. [^2]\n\nRussian Deputy Prime Minister Alexander Novak stated on September 2 that OPEC+ does not plan to discuss new voluntary oil production cuts because the global oil market is currently in a supply deficit. [^3]\n\nThe OPEC+ seven will complete the phaseout of its 1.65 million bpd voluntary oil production cut in September 2026, fully returning withheld volumes to the market, with the remaining cut totaling about 1.5 million bpd excluding the UAE's share after its withdrawal. [^4]\n\nThe United Arab Emirates withdrew from OPEC and OPEC+ on May 1, 2026, leaving the group as a seven-country format in which the voluntary production cut of 1.65 million bpd is about 1.5 million bpd excluding the UAE's quota. [^5]\n\nBrent crude futures for November delivery rose 1.1 percent to 91.51 dollars per barrel, while West Texas Intermediate (WTI) increased 1.4 percent to 86.99 dollars per barrel. [^6]\n\nEnergy analysts identified the Strait of Hormuz as the primary concern, noting that any disruption to this maritime corridor could delay crude exports from the Middle East and further pressure international prices. [^7]\n\nUS President Donald Trump warned of potential new attacks against Iran following a military escalation that included US actions against targets on Larak Island and a subsequent Iranian missile response targeting US facilities in Jordan. [^8]",
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      "statement": "The OPEC+ seven (Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman) will raise their September 2026 oil production quota by 188,000 barrels per day compared with August 2026, bringing the monthly quota to 31.01 million bpd, according to OPEC data and TASS calculations.",
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