Highlights Omicron variant, geopolitics cloud the outlook for oil Shrinking spare capacity to impact alliance’s dynamics Prince Abdulaziz warns traders not to bet against OPEC+ After 11 meetings in 2021 to manage an erratic oil market, OPEC and its Russia-led allies look to have no respite in 2022, as the coronavirus pandemic and geopolitics figure to keep ministers on their toes. Receive daily email alerts, subscriber notes & personalize your experience. Register Now By October, the OPEC+ alliance is hoping to complete its comeback from the record production cuts implemented in mid-2020, with its plan to gradually raise quotas by 400,000 b/d each month. But the increasingly rampant omicron variant may get in the way, and further down the line, planned strategic petroleum reserve releases by the US and other key consuming countries and a potential Iran nuclear deal present supply considerations for OPEC+ members. The producer bloc, which […]