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Oil Prices Rise After Producers Announce New Increase in Output

8 September 2025 at 18:27
In a show of confidence in the market, the group, led by Saudi Arabia, said it would begin unwinding a further set of agreed cuts.

© Pavel Mikheyev/Reuters

Oil pump jacks in Kazakhstan, one of the eight countries announcing production increases on Sunday. The countries have shifted to a new approach after cautiously restraining production.
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