OPEC+ looks to a future with Russia beyond pandemic oil output cuts

摘要

Come September, OPEC’s oil market management pact with Russia and nine other allies is set to expire, with the final phase-out of production cuts returning the group’s output targets to prepandemic levels. By all accounts, the coalition is keen to continue its partnership, enjoying the windfall of higher oil prices and girding together in the fight to stay relevant through the energy transition. But how the alliance will look and operate remains to be determined, with oil flows still adjusting to the Russia-Ukraine war and a lack of investment hampering efforts to revive production in many countries-including several OPEC+ members.