OPEC+ meets with future oil production hanging in the balance | Business

LONDON, Oct 5, 2025 (BSS/AFP) - Saudi Arabia, Russia and six other key members of the OPEC+ alliance are likely to agree to raise crude output when they meet virtually on Sunday, with analysts divided over the size of the expected hike. The meeting by the group of eight oil-producing countries known as the "Voluntary Eight" (V8) comes as oil prices head for weekly losses and rumours of a possible output increase of up to 500,000 barrels per day (bpd) swirl. Angered by what it dismissed as "wholly inaccurate and misleading" media reports, the 12-nation Organization of the Petroleum Exporting Countries (OPEC) urged news outlets in a statement on Tuesday to "exercise accuracy... in order to avoid fuelling" market speculation....