OPEC grapples with oversupply of oil

By

World News

December 4, 2019 - 10:03 AM

The world may be heading for an even greater oversupply of oil, and that possibility — which could drive down fuel and energy prices — is hanging over members of the OPEC cartel as they head into negotiations Thursday.

The oil-producing nations will decide whether to stick with production cuts they’ve endured for the past three years, relax them or deepen them in the hopes of propping up prices.

They’re negotiating through a tangle of tensions driving members in competing directions.

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