Texas News Why An Upcoming Meeting Between OPEC And Russia Might Affect Texas Oil Prices KWBU | By Texas Standard Published November 13, 2017 at 1:32 PM CST Twitter LinkedIn Email Listen • 5:34 Martin do Nascimento/KUT News The Exxon gas station at S. Congress and Ben White Blvd., in Austin Last year, OPEC members agreed to significantly reduce oil inventories, but some are pushing for an extension on the pre-established quota deadline.