Published on, Sept. 8 -- September 7, 2025 11:49 PM
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.
In a bid to prop up prices, 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 day (bpd) in total.
Since April, the...
		
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