OPEC is likely to cut oil production, spelling disaster for the price of gas
The OPEC+ Alliance, or Organization of the Petroleum Exporting Countries, is meeting Wednesday in Vienna, Austria. The group of oil-producing nations — including Russia — are expected to consider a cut in oil production of up to two million barrels a day. Such a move would see a sharp rise in gas prices in the West which is already struggling due to the war in Ukraine.
Herman Wang is a managing editor at S&P Global Platts, covering OPEC and Middle East energy impacts. He joins Here & Now‘s Peter O’Dowd from Vienna for the latest.
This article was originally published on WBUR.org.
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