Highlights Deal calls for monthly 400,000 b/d output increases Some members will struggle to produce at their quotas Saudi Arabia, UAE, Russia hold most spare capacity OPEC and its allies have set aside their differences for now, with their deal to hike crude production, but the coalition’s internal battles for market share are just getting started. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now After two and a half weeks of wrangling, the OPEC+ alliance on July 18 agreed to pump 400,000 b/d more crude every month to cool off a potentially overheating market, while also granting five countries – Saudi Arabia, Russia, the UAE, Iraq and Kuwait – even higher output targets starting in May 2022. It is a near-term win for the group but also one that looks set to exacerbate the divide between its richer and poorer members. By late […]