Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business

OPEC+ Meets With Future Oil Production Hanging In The Balance

The OPEC+ alliance has shifted its strategy and has sought to gain market share by increasing output (Credit: AFP)

Saudi Arabia, Russia and six other key members of the OPEC+ alliance are likely to agree to raise crude output when they meet virtually on Sunday, with analysts divided over the size of the expected hike.

The meeting by the group of eight oil-producing countries known as the "Voluntary Eight" (V8) comes as oil prices head for weekly losses and rumours of a possible output increase of up to 500,000 barrels per day (bpd) swirl.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.