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V8
noun
a car or internal-combustion engine having eight cylinders arranged in the form of a V
Example Sentences
After a final increase in quotas in December, the V8 already warned last month that there would be a pause in production adjustments in the first quarter of 2026, citing weaker seasonal demand.
The eight members, also referred to as the V8, then started in October to gradually unwind a separate batch of previous cuts totaling 1.65 million bpd.
More recently, the V8 decided in early November to boost production quotas by 137,000 barrels per day in December, then — as worries about a supply surplus have grown – said they would pause quota increases during the first three months of 2026.
On Sunday, the V8, as well as all of the OPEC+ members, are scheduled to hold meetings to review oil-market conditions and make any necessary decisions in an effort to keep the market balanced.
Eight members of OPEC+, sometimes referred to as the “V8,” or voluntary eight, have been increasing their oil-production targets since April but they recently “found wisdom in the old proverb: ‘When in a hole, stop digging’,” Manish Raj, managing director at Velandera Energy Partners, told MarketWatch.
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