September 7, 2025

Moscow: 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, 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…

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