OPEC was never a very effective cartel in the first place. Many of the members routinely exceeded production targets. And for geological reasons it's not like most oil wells can even be throttled down.

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IAmBroom 14 hours ago | parent [-]

Storage facilities allow for market supply control.

And while it's true many member exceed targets, it's like speeding on US highways: everyone does it, but anyone driving 20 mph faster than the pack is nobody's friend. Karma will happen.

	▲	nradov 11 hours ago \| parent [-]
		None of the OPEC+ members have sufficient storage facilities to allow for meaningful market supply control. And karma isn't a real thing: most OPEC+ members are more like rivals then real allies. They'll agree to one thing and then do another, secure in the knowledge that there will be no serious consequences.