OPEC+ suppliers struggle to agree on cuts to oil production even as prices tumble
by Courtney Bonnell and Josh Boak
Nov 30, 2023
3 minutes
The OPEC oil cartel led by Saudi Arabia and allied producers including Russia will try to agree Thursday on cuts to the amount of crude they send to the world, with prices having tumbled lately despite their efforts to prop them up.
That's been a good thing for U.S. drivers, who have been able to fill their gas tanks for less money in recent months and whose costs at the pump can be sensitive to moves by the OPEC+ coalition.
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