It would make sense for the OPEC+ coalition of oil producers to begin monitoring the group’s market share to measure how effective the OPEC+ actions are, Russian Energy Minister Alexander Novak told news agency Interfax in an interview published on Wednesday. Asked to comment on an idea of Gazprom Neft’s chief executive Alexander Dyukov that OPEC+ should switch its gauge for effectiveness of the deal by looking into the market shares of the countries part of the coalition, Novak said: “Generally, it will be necessary to track indicators such as inventories, supply, and demand, but then it also makes sense to switch to targeting market share which belongs to OPEC+ considering the rise in global demand.” Oil executives in Russia, including Igor Sechin, the boss of the biggest oil producer Rosneft, have often criticized the OPEC+ pact, which began its efforts to fix the market and prop up prices […]