The OPEC+ ministerial monitoring committee is scheduled to convene on August 2, according to a source within one of the delegations.
The bi-monthly meeting will serve as a critical checkpoint for the alliance as it prepares to implement a new round of production increases.
The timing is significant for energy markets.
OPEC+ is expected to finalize an approval to raise oil production quotas starting in August, adding approximately 188,000 barrels per day to the group's output targets.
This incremental supply increase aims to balance market stability against ongoing geopolitical pressures that continue to disrupt global trade routes.
Traders are closely watching how the committee will assess compliance with current voluntary cuts before the new quotas take effect.