OPEC+ set for another oil hike as Saudi and Russia debate size, sources say
Reuters·2025-10-03 15:50
Core Viewpoint - Eight OPEC+ countries are expected to increase oil output, with Saudi Arabia advocating for a significant rise to regain market share, while Russia is proposing a more modest increase [1] Group 1 - The discussions among OPEC+ members indicate a potential rise in oil production [1] - Saudi Arabia's push for a large increase reflects its strategy to reclaim market share lost to competitors [1] - Russia's suggestion for a more conservative increase highlights differing strategies within the OPEC+ coalition [1]