OPEC+’s unified approach to production hikes serves a greater purpose

Such cooperation had never been seen within OPEC itself, which was rife with disagreements that frequently caused the collapse of oil prices. This indicates that the decision to expand the membership to OPEC+ – with the addition of Russia, Kazakhstan, Azerbaijan, Mexico, Brunei, Bahrain and Oman – was the right one because it gave it more strength and flexibility to respond to changes in the oil markets. Therefore, maintaining unity within…