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What to know as OPEC+ weighs extending or deepening supply cuts through 2024

By Breanne Deppisch
Published November 27, 2023 10:00am ET
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What to know as OPEC+ weighs extending or deepening supply cuts through 2024
The advertising label of the Organization of the Petroleum Exporting Countries, OPEC, shines at their headquarters in Vienna, Austria, Austria. OPEC+ is considering extending or deepening existing cuts at its upcoming meeting in Vienna. (AP Photo/Ronald Zak)

Members of the OPEC+ oil cartel are weighing a range of production options as they gear up for their meeting this week in Vienna, where they will decide whether to extend oil production cuts or deepen them heading into 2024.

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Biden Administration Oil OPEC Russia Saudi Arabia