Tough negotiations and uncertainty ahead of OPEC+ meeting | Business

LONDON, Sept 7, 2025 (BSS/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. In a bid to prop up prices, the wider OPEC+ group -- comprising the 12-nation Organization of the Petroleum Exporting Countries (OPEC) and its allies -- had agreed in recent years to several output cuts that amounted to almost six million barrels per day (bpd) in total. Since...