fails to reach an agreement over whether to cut output the group continues its latest bi annual meeting on friday when member states want to meet with russia to negotiate its position u.s. president on trump has urged saudi arabia to refrain from lowering output in order to keep oil prices low. the decisions made by these people will be felt by anyone with a car at the petrol pumps the opec oil ministers and representatives meeting in vienna are focused on one subject output cuts for crude oil the idea is to drive the price for oil back up after a three month slide during that time the price of a barrel of crude has fallen from eighty six dollars at the beginning of october to around sixty dollars now that's hurting countries that rely on oil revenues to finance their economies we hope to come right back with. reducers would contribute. equally across the board. and so far