OPEC+ has decided to increase oil production quotas by 188,000 barrels per day in August 2026. This move is intended to bring oil supply back to levels seen before recent conflicts in the Middle East. The decision reflects a perceived calming of tensions in the region, allowing for a boost in output. While the increase is relatively modest, it signals a commitment to market stability. The group hopes this will help moderate oil prices and address global demand. This quota adjustment builds upon previous increases implemented in recent months. Further details can be found at https://punchng.com/opec-raises-quotas-again-as-middle-east-calms/.