OPEC+ set for another oil hike as Saudi, Russia debate size: Sources

Eight OPEC+ countries are likely to further raise oil output on Sunday with the group's leader Saudi Arabia pushing for a large increase to regain market share and Russia suggesting a more modest rise, four people with knowledge of OPEC+ talks said.

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Russia and Saudi Arabia, the two biggest OPEC+ producers, have over the past years sometimes disagreed on the size of output rises but ultimately found a compromise.

Moscow would prefer the group to raise output by 137,000 barrels per day from November, the same as the increase in October, to avert putting oil prices under pressure and because it would struggle to raise output due to sanctions, according to two of the sources.