<p>OPEC+ has faced three volatile years: 2020, the year of the pandemic and demand plunge; 2021, the year of tight markets and inflation amid pandemicinduced supply bottlenecks; and 2022, the year of geopolitical risk and record-high energy prices. It phased-out the historic 9.7 Mb/d cuts by September 2022, then re-introduced cuts of 2 Mb/d starting November.</p>

<p>Questions about compliance in 2020 were replaced by concerns about the inability of many members to meet their targets. What is the outlook for the call on OPEC+ to meet demand? How will this be distributed between the group&rsquo;s members?</p>
