OPEC Tightens Oil Supply

Members of the Organization of Petroleum Exporting Countries agree to cut oil production. It's an effort to defend high crude prices, but comes as the peak winter demand approaches. Some analysts say OPEC, the world's largest petroleum cartel, is trying to demonstrate its power. NPR's Steve Inskeep talks with economist Fareed Mohamedi.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.