Oil Prices Rise After Producers Announce New Increase in Output NYT | Top Stories By: Stanley Reed 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/ReutersOil 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.