LISTEN LIVE: Loading...

Advertisement

 

OPEC is likely to cut oil production, spelling disaster for the price of gas

04:44
Download
Play
A customers opens the fuel door on his pickup truck before pumping gas. (Stephan Savoia/AP)
A customers opens the fuel door on his pickup truck before pumping gas. (Stephan Savoia/AP)

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 segment aired on October 5, 2022.

Advertisement

 
Play
Listen Live
/00:00
Close