The group, known as OPEC Plus, is at what could be an important crossroads. It has largely completed — at least on paper — its program to reverse the deep cuts in oil output that were put in place in the pandemic, bringing the total production target to about 44 million barrels a day, roughly the prepandemic level.Among the issues facing OPEC Plus: the fact that its output quotas for different member countries are overambitious, leaving the amount of oil produced each month well short of the group’s targets. For instance, the International Energy Agency estimates the group will achieve only about …
