Growing tensions within OPEC+ are becoming increasingly apparent as the group grapples with maintaining unity amidst challenging market conditions. Recent struggles to stabilize oil prices have exposed disagreements among member nations, with some advocating for stricter production cuts while others prioritize market share over price control. These internal divisions are raising concerns about the alliance’s ability to deliver cohesive strategies to support the oil market.
Source – FXStreet
Economic pressures and waning global demand have amplified these disputes. While key members like Saudi Arabia push for deeper cuts to sustain higher prices, other producers, such as Russia, appear reluctant to impose further restrictions. The diverging priorities underscore the challenges faced by OPEC+ in navigating an increasingly unpredictable energy market. Observers worry that prolonged discord could weaken the group’s influence and lead to a fragmented oil policy in the coming months.
