Current OPEC+ supply agreement ends in September Quotas will need renegotiating, with credibility at stake Ministers to meet June 2 to set July production targets 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 pre-pandemic levels. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now 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. Only one thing seems certain: Russia, as […]