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Can gasoline prices keep falling after OPEC+ oil output cuts? What drivers need to know.

Por: MarketWatch Business December 02, 2023

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The reductions total 2.2 million barrels and include an extension of a voluntary output cut already in place from Saudi Arabia for 1 million barrels a day, and from Russia for a 300,000 barrel-a-day cut in crude exports. OPEC+ oil production will be less early next year, which will “limit inventory builds globally, potentially leading to drawdowns,” said Brian Milne, product manager, editor, and analyst at DTN. “World consumption is the... + full article



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