Seven OPEC+ members are expected to approve an increase in oil production quotas for August, adding approximately 188,000 barrels per day to the group's output targets.
The decision, to be finalized in an online meeting on Sunday, marks a significant shift in strategy as Gulf producers grow more confident that the immediate threat to regional shipping routes is diminishing.
The move comes after oil prices dropped for a third straight day as tensions in the Strait of Hormuz eased.
With the geopolitical premium cooling, the alliance is accelerating its gradual unwind of voluntary production cuts.
The quota hike reflects a strategic pivot from risk mitigation to market share defense, leveraging the improved security environment to flood the market with additional supply.
Analysts view the UAE's potential exit from the voluntary cut framework as a major development for OPEC's cohesion.