How OPEC+ Regained Control Of Oil Markets

The OPEC+ decision to stick to its oil production plans early next year came as a surprise to many observers, considering the market noise leading up to last week’s meeting that an oversupply was looming.   Going forward, how OPEC+ delivers on the planned increase in monthly production will be critical—more so than the nameplate supply boost it has agreed to each month, Reuters columnist Clyde Russell notes.  OPEC+ Meeting Calms Market Roiled By Omicron Fears Last Thursday, OPEC+ surprised the market by sticking to its…