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.
September 7, 2025
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…