Will OPEC+ Ever Rein In Its Non-Compliant Members?

OPEC and the OPEC+ group have had reasons to be happy this week as Brent oil prices topped $87 per barrel.  But the most recent rise in oil is no thanks to the OPEC+ members that have continuously failed to comply with their production cuts. The price rally was the result of signs of strong demand and concerns about supply during the hurricane season. The overproduction at some OPEC+ members – most notably Iraq, Kazakhstan, and Russia – continues to be an issue for the alliance, which has tentative plans to start easing…