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Opinion

OPEC+ nations must not squander the chance for a makeover

Time the anachronistic cartel moved to cement its relevance

| Middle East
The OPEC logo, pictured in Algiers in September 2016: being seen in a more favorable light is a double-edged sword for OPEC.   © Reuters

Vandana Hari is founder of Singapore-based Vanda Insights, which tracks energy markets.

One of the oldest beliefs that the pandemic has prompted the world to reexamine is that the Organization of Petroleum Exporting Countries is a cartel solely aimed at propping up oil prices, incompatible with today's free global markets.

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