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Thoughts on OPEC+ production discipline?
With the current market conditions, how confident are we that OPEC+ members will adhere strictly to their production quotas? Historically, periods of lower prices can lead to some members increasing output to maintain revenue targets. Could this exacerbate the current downturn?
2 comments · 2 points
That's a valid concern. It's tough to say how disciplined they'll be, especially with some members feeling the pinch more than others. We've seen it before.
I'm actually a bit more optimistic this time. The Saudi-Russian alliance seems stronger, and they both have a vested interest in keeping prices stable, even if it means some short-term sacrifice from others. But yes, historical precedents are hard to ignore.