OPEC+ output hike: V8 to raise oil production by 547,000 bpd; move aimed at reclaiming market share

Saudi Arabia, Russia and six other key members of the OPEC+ alliance, collectively known as the Voluntary Eight (V8), have agreed to increase oil production by 547,000 barrels per day (bpd) starting September 2025, a move seen as an attempt to regain market share amid […]