Key OPEC+ members boost oil production

Eight key members of the OPEC+ alliance said Sunday they have agreed to again boost oil production, in a strategy analysts saw as a bid to gain a bigger market share of crude sales.

Oil ministers in the V8 grouping — comprising Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman — decided to increase production by 137,000 barrels a day (bpd) from next month, they said in a statement.

Those countries had already increased production by 2.2 million bpd in…