OPEC and allied oil-producing countries, including Russia, have made a small trim in their supplies to the global economy.
The move Monday underlines their unhappiness as recession fears help drive down crude prices — and the cost of gasoline, to the delight of drivers.
The decision for October rolls back a mostly symbolic increase of 100,000 barrels per day in September. Growing worries about slumping future demand have helped send oil prices down from June peaks of over $120 per barrel.
That has cut into the windfall for OPEC+ countries’ coffers but proved a blessing for U.S. drivers as pump prices have eased.