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Middle East oil news

Saudi Arabia, Russia Poised for OPEC+ Output Hike as Oil Prices Slide Below $65

October 5, 2025 by Admin 365

LONDON: Saudi Arabia, Russia and six other key OPEC+ members — collectively known as the “Voluntary Eight” (V8) — are expected to agree on a crude output increase when they meet virtually on Sunday, as falling prices and global oversupply pressure producers to adjust their strategy. Oil prices have plunged to below $65 a barrel, […]

Filed Under: Business Tagged With: Brent crude below $65, crude oil prices fall, crude output increase, energy market trends, global oil demand 2025, International Energy Agency report, Middle East oil news, oil market oversupply, oil price forecast 2025, OPEC forecast, OPEC oil demand outlook, OPEC plus meeting, OPEC+ output hike, Russia oil exports, Russia Poised for OPEC+ Output Hike as Oil Prices Slide Below $65, Russia sanctions oil, Russia Ukraine war oil impact, Rystad Energy analysis, Saudi Arabia, Saudi Arabia energy policy, Saudi Arabia oil production, V8 oil producers

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