September 7, 2025

Vienna: Uncertainty loomed over what Saudi Arabia, Russia and six other key members of the OPEC+ alliance would decide on crude output in their meeting on Sunday, with analysts saying a production boost was also being considered. The meeting by the group of eight oil-producing countries known as the Voluntary Eight (V8) comes as oil prices extended losses in anticipation of excess supply in the coming months.

According to Nam News Network, the wider OPEC+ group, comprising the 12-nation Organization of the Petroleum Exporting Countries (OPEC) and its allies, had agreed in recent years to several output cuts that amounted to almost six million barrels per d…

OPEC+ Decides on 137,000 bpd Increase in Oil Production

Kuwait city: OPEC Plus members have reached an agreement during an online meeting to increase oil production by 137,000 barrels per day starting in October. This decision comes as part of a broader strategy to adjust production levels in response to c…