OPEC+ Faces Output Dilemma as Darkening Economy Unsettles Market

The OPEC+ coalition is heading into unfamiliar territory.

After spending two years gradually feeding idle oil production back into the post-pandemic world, Saudi Arabia and its partners are facing a different market. The narrative that’s dominated the last few months -- pressure from key consumers like the US to tame inflation by ramping up supply -- is shifting toward concerns about a global economic slowdown.