The OPEC+ alliance of oil-exporting countries on Wednesday will debate a potentially large cut in the amount of crude it ships to the global economy a move that could help Russia weather a looming European ban on oil imports and raise gasoline prices for U.S. drivers just ahead of national midterm elections.
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OPEC+ members, including Saudi Arabia and Russia, are meeting Wednesday, and a cut in oil production is a possibility. This would raise gas prices again for U.S. consumers after a record high this summer.
OPEC+ weighs large oil cutback to boost sagging prices - Business News castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.