Opec+ producers consider more oil cuts as prices slump

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 prices (Lisa Leutner/AP)

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 prices that have been a boon to US drivers and helped ease inflation worldwide.

The 23-member group is meeting at Opec headquarters in Vienna after sending mixed signals about possible moves.