Struggling Shale Oil Producers See Glimmer Of Hope In Saudi Visit
Saudi Oil Minister Ali Al-Naimi will speak to U.S. oil executives in Houston this week about curbing his country’s petroleum production.
OPEC leaders announced last year that they would continue pumping oil, even as a glut crashed market prices and jeopardized U.S. shale oil producers. Recently, Saudi Arabia has pulled back, however, leading to a slight rise in oil prices.
Here & Now’s Meghna Chakrabarti talks to NPR’s Marilyn Geewax about what it means for U.S. drivers.