Could the UAE leaving OPEC make oil cheaper? The Organization of the Petroleum Exporting Countries and allies (OPEC+) is expected to approve a new increase in oil production targets for September during the meeting scheduled for August 2, according to three sources interviewed by Reuters this Wednesday (23). The decision, however, comes amid a scenario of geopolitical tension, as the United States' war against Iran has once again made it difficult for some members of the group to increase production. According to the sources, seven of the main OPEC+ members - Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman - are expected to raise their joint production target by around 188 thousand barrels per day from September. The volume is the same as that approved for the months of June, July and August. The decision is expected to be taken at the August 2 meeting. Oil price soars after OPEC announces cut of more than 1 million barrels per day JN OPEC and Russian officials did not immediately respond to requests for comment. The sources spoke on condition of anonymity and stressed that no final decision has been made at this time.