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flag OPEC+ discusses boosting oil output amid falling prices and rising non-OPEC supply.

flag OPEC+ is holding a virtual meeting as key members, including Saudi Arabia and Russia, consider raising oil production, with analysts predicting a possible increase of up to 500,000 barrels per day. flag The move marks a strategic shift from earlier production cuts, as the "Voluntary Eight" group seeks to regain market share amid rising output from non-OPEC nations like the U.S., Brazil, and Canada. flag Oil prices have dropped, with Brent crude falling below $65 a barrel, raising concerns over a supply glut. flag While OPEC forecasts strong demand growth, the International Energy Agency projects more modest increases. flag Russia may resist a large hike due to sanctions, war funding needs, and limited production capacity, while Ukrainian strikes on refineries have increased its export reliance. flag OPEC has urged accurate media reporting to prevent market speculation.

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