Members of the OPEC + alliance of oil exporting countries will decide Thursday whether to put off plans to pump more crude amid sluggish demand and competing production from non-allied countries — factors that could keep oil prices stagnant into next year. Key beneficiaries of that would be U.S. motorists, who have seen gasoline prices fall to their lowest in 2 1/2 years to near $3 a gallon. OPEC+, which includes Saudi Arabia as the dominant member of the OPEC producers’ cartel, and Russia as the leading non-OPEC member in the 23-country alliance, is holding an online meeting over whether to put off production increases that are scheduled to take effect Jan. 1. Eight OPEC+ members planned to start increasing production from Jan.
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