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OPEC+ Begins Grappling with Next Move as US Presses for More Oil

  • Last of the group’s output cuts will be rolled back by August
  • Saudis, UAE still weighing options for their spare capacity
A processing department in the Khurais oil field in Khurais, Saudi Arabia.

A processing department in the Khurais oil field in Khurais, Saudi Arabia.

Photographer: Maya Sidiqqi/Bloomberg

The oil pact OPEC+ launched at the outset of the pandemic is finally nearing an end, and where the group goes from here is a politically fraught question. 

By August, the last of the huge oil-output cuts the group made in 2020 will have been rolled back and delegates from the 23-nation coalition say they are now grappling with what comes next.