Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
World
David McHugh

OPEC+ oil alliance faces stagnant prices for crude while US drivers enjoy cheaper gasoline

OPEC+ Oil Prices - (Copyright 2022 The Associated Press. All rights reserved)

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.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.