Gas stayed above $4 a gallon all August, a record. Will OPEC+ approve another output increase for October at its Sept 6 meeting?

OPEC+ left its crude output quotas unchanged for October, declining to approve another increase when the group met on September 6, 2026. The decision followed a phased rollback of the 1.65-million-barrel-per-day voluntary supply cuts the coalition first agreed to in 2023, a rollback that culminated in a production hike approved for September. Having already restored that volume to the market, the eight-country group (including Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria and Oman) opted to hold steady rather than add further barrels for October, with reporting indicating the group is shifting its attention toward a larger policy debate for 2027 rather than continuing monthly adjustments. The pause came even as U.S. gasoline prices had stayed above $4 a gallon throughout August, a record streak, though OPEC+'s move reflected the group's own supply-management calendar rather than a direct response to pump prices. The group's next meeting is set for October 4.

The Predict Six community was evenly split on this question, with 50 percent expecting OPEC+ to approve another increase. The eventual no-hike outcome was consistent with OPEC+'s stated posture of pausing after completing its 2023 cuts rollback rather than immediately layering on additional supply.