With oil prices slumping, OPEC+ producers weigh more production cuts

With oil prices slumping, OPEC+ producers weigh more production cuts

FILE - The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria, on March 3, 2022. Leading oil-producing countries led by Saudi Arabia and Russia are wrestling with whether to make another cut in crude supplies to the global economy as the OPEC+ alliance struggles to prop up sagging oil prices that have been a boon to U.S. drivers and helped ease inflation worldwide. The group is meeting Sunday, June 4, 2023 at OPEC headquarters in Vienna after sending mixed signals about possible moves. (AP Photo/Lisa Leutner, File)

FRANKFURT, Germany (AP) — The major oil-producing countries led by Saudi Arabia and Russia are wrestling with whether to make another cut in supply to the global economy as the OPEC+ alliance struggles to prop up sagging oil prices that have been a boon to U.S. drivers and helped ease inflation worldwide.