OPEC+ is poised to approve another increase in oil production quotas starting in August, adding approximately 188,000 barrels per day to the group's output targets.
The decision, expected to be finalized on Sunday, marks a continuation of the alliance's gradual unwind of voluntary production cuts.
The move underscores growing confidence among Gulf producers that the immediate threat to regional shipping routes is diminishing.
With geopolitical pressure on key trade corridors easing, the cartel is signaling a return to normalizing supply flows rather than maintaining a buffer against potential disruptions.
This incremental supply increase comes amid falling oil prices, as markets digest the improving security outlook for energy transit.
The decision by seven OPEC+ members to raise their quotas suggests that the premium previously priced into crude for shipping risk is eroding.