The group of eight will have to assess a market that many see as teetering on oversupply but where Opec sees strong demand growth potential.

The group of eight will have to assess a market that many see as teetering on oversupply but where Opec sees strong demand growth potential.

OPEC+ has agreed to further raise oil production from October as its leader, Saudi Arabia, pushes to regain market share.

Opec has in recent years implemented several output cuts amounting to a total of almost six million barrels per day.

A coalition of major oil-producing nations said Sunday it will slightly scale back its voluntary production cuts starting in October.