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OPEC weighs manufacturing cuts in mild of upper costs

VIENNA — As officers from a number of the world’s largest oil producers arrive in Vienna for a Thursday assembly, they’ve loads to be cheery about.

Oil costs have risen unexpectedly quick of late, surging 20 p.c because the starting of September, offering much-needed cash for the strained budgets of the 14 members of the Group of the Petroleum Exporting International locations.

That leaves OPEC members with a quandary: Do they once more prolong manufacturing cuts first introduced a yr in the past? What had appeared to analysts to be a foregone conclusion now seems to be to be extra complicated.

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