Jammu, July 5 -- Willing to sacrifice shot term price spikes for preserving market shares
By K Raveendran
OPEC+ appears to be navigating one of its most intricate balancing acts in recent years as it prepares to announce a fourth consecutive production hike. The move, at first glance, seems at odds with its long-standing goal of stabilizing and supporting oil prices. The geopolitical volatility roiling markets-ranging from disruptions in the Red Sea to unpredictable output from sanctioned states-would normally prompt a more conservative stance. Yet, the group's decision to incrementally boost supply instead signals a strategic recalibration of its objectives, one that prioritises long-term relevance and market share preservation over shor...