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International1 min read3 views8/3/2025

OPEC+ slated to increase oil output in bid to regain market share

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OPEC+ Expected to Boost Oil Production, Aiming for Market Share Gains

Voluntary Eight (V8) to Increase Output Sunday

Saudi Arabia, Russia, and six other key members of the OPEC+ alliance are poised to increase oil production at a meeting this Sunday. Analysts believe this move is designed to reclaim market share in light of persistent high crude prices.

The anticipated output hike by the group of eight oil-producing nations known as the "Voluntary Eight" (V8) would [Continue reading original article content]...

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