Supply stalling: The 14-nation OPEC and its allies is set to extend oil supply cuts until the end of 2019 after Iran joined top Saudi Arabia, Iraq and Russia in endorsing a policy aimed at propping up the price of crude. OPEC has been reducing oil output since 2017 to prevent prices from sliding amid soaring production from the United States, which has overtaken Russia and Saudi Arabia as the world’s top producer. Read the full story.
Beep-beep: Louisiana drivers are some of the worst in the country, according to a study by financial website SmartAsset, which says the state has the 13th-worst drivers in the country. Rating factors included percentage of insured drivers, DUI arrests per 1,000 drivers, accident fatalities, and how often residents search for terms like “speeding ticket” on Google. Louisiana had a bright spot as having one of the highest percentages of insured drivers in the country, at 87.0%. Mississippi took the top spot for the worst drivers, followed by Alabama California, Florida and Nevada. Meanwhile, the study found Massachusetts had the best drivers in the U.S. followed by Nebraska, Vermont, New York and Connecticut. Read the full report.
Plastic problems: Beverage companies with goals to use more recycled plastic in its packaging are facing a shortage of discarded containers from recycling programs, The Wall Street Journal reports. Less than a third of the six billion pounds of plastic most commonly used for drink bottles and food containers is recovered by U.S. recycling programs. Big drink-and-food makers will need four or five times that much recycled plastic to meet the targets they have set to satisfy consumer calls to waste less and reuse more, according to the Association of Plastic Recyclers. Read the full story. Read the full story.
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