OPEC+ oil producers are set to approve another big output boost for September as they complete the unwinding of voluntary output cuts by eight members and allow the United Arab Emirates to pump more to meet a larger quota,

Another tussle for oil market share at low prices beckons, after OPEC+ producers announced a higher than expected crude production hike that may cause a supply glut.

Opec+ cited a steady global economic outlook and healthy market fundamentals, including low oil inventories, as reasons for releasing more oil. The decision will bring nearly 80%