A core group of eight OPEC+ producers—Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman—agreed on Sunday to raise their collective oil output by 548,000 barrels a day in September. The increase completes the unwinding of a 2.2-million-barrel-a-day tranche of voluntary cuts that the same members began reversing in April. In a statement, the alliance cited a "steady global economic outlook and current healthy market fundamentals, as reflected in low oil inventories" as justification for accelerating the supply restoration by roughly a year. The virtual session lasted only 16 minutes, underscoring broad consensus among the producers. Ministers left open the option to pause or reverse the supply additions if demand weakens and said they will review the possibility of returning a further 1.66 million barrels a day of withheld supply by year-end. The eight countries will hold monthly consultations and reconvene formally on 7 September to reassess market conditions and compliance.