, Columnist
Could OPEC+ Become a Victim of Its Own Success?
OPEC+ must work hard to avoid another damaging split between those who want to roll back output cuts in July and those who may want to prolong them.
Remember what happened last time these two disagreed on oil policy?
Photographer: Alexey Nikolsky/AFP via Getty Images
This article is for subscribers only.
With oil prices roaring back, the OPEC+ output cuts are undoubtedly doing their job.
But they’re due to be reviewed, perhaps as early as this week, and the unwieldy group of oil producing nations needs to ensure the fault lines between its de facto leaders, Saudi Arabia and Russia, don’t resurface. We all know what happened last time they couldn’t agree on the way forward.