Tough Negotiations And Uncertainty Ahead Of OPEC+ Meeting

The meeting by the key OPEC+ members -- called the V8 -- could result in another boost in oil production, analysts say (Credit: AFP)

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.