Key OPEC+ members agree to again boost oil production

World News
07-09-2025 | 09:30
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Key OPEC+ members agree to again boost oil production
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Key OPEC+ members agree to again boost oil production

Eight key members of the OPEC+ alliance said Sunday they have agreed to again boost oil production, in a strategy analysts saw as a bid to gain a bigger market share of sales of crude.

Oil ministers in the V8 grouping -- comprising Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman -- decided to increase daily production by 137,000 barrels a day from next month, they said in a statement.

AFP

World News

OPEC

Oil

Production

Crude

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