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The eight key members of the OPEC+ alliance, including Saudi Arabia and Russia, on Sunday said they had agreed a further slight hike to their oil production.The 137,000-barrels-per-day-hike will apply from December and remain at that level for the following three months, signifying a "pause" in what had been regular increases since April this year, the group said in a statement following a virtual meeting.The announced increase tallied with analyst expectations.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onOPEC+ oil productionSaudi Arabia oil outputRussia oil productionOPEC+ meeting 2025global oil supplyoil production hike (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onOPEC+ oil productionSaudi Arabia oil outputRussia oil productionOPEC+ meeting 2025global oil supplyoil production hike(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless
