{"id":661589,"date":"2010-02-11T05:54:00","date_gmt":"2010-02-11T10:54:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/cash-hungry-opec-nations-ditching-their-own-production-quotas-2010-2"},"modified":"2026-10-04T10:29:12","modified_gmt":"2026-10-04T14:29:12","slug":"its-dog-eats-dog-as-cash-hungry-opec-nations-ditch-production-quotas-and-just-crank-out-supply","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/661589","title":{"rendered":"It&#8217;s Dog Eats Dog As Cash-Hungry OPEC Nations Ditch Production Quotas And Just Crank Out Supply"},"content":{"rendered":"<p>The International Energy Agency&#8217;s (IEA) latest oil market report paints a picture of crumbling production quota compliance among OPEC members. Compliance fell to just 58% in January from 61% in December.<\/p>\n<p>Nations such as Algeria, Ecuador, Qatar, and Venezuela are paying little heed to OPEC efforts at limiting crude oil supply:<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/static.businessinsider.com\/image\/4b73dcc50000000000336a15-600-\/chart.png?w=600\" border=\"0\" alt=\"Chart\"  \/><\/p>\n<p>Moreover, as shown above by the difference between Jan 2010 Supply and Sustainable Production Capacity, OPEC surplus production capacity is enormous. This adds a further incentive (in addition to economic hardship in certain OPEC nations) to produce more oil than set forth by OPEC &#8212; which means more oil supply to help ease prices worldwide.<\/p>\n<p><a href=\"http:\/\/www.scribd.com\/doc\/26712219\/IEAFeb2010\" title=\"View IEAFeb2010 on Scribd\">IEAFeb2010<\/a><br \/>\n<object id=\"doc_920863199128893\" style=\"outline: none;\" width=\"100%\" height=\"600\" name=\"doc_920863199128893\" type=\"application\/x-shockwave-flash\" data=\"http:\/\/d1.scribdassets.com\/ScribdViewer.swf\"><param name=\"movie\" value=\"http:\/\/d1.scribdassets.com\/ScribdViewer.swf\" \/><param name=\"wmode\" value=\"opaque\" \/><param name=\"bgcolor\" value=\"#ffffff\" \/><param name=\"allowFullScreen\" value=\"true\" \/><param name=\"allowScriptAccess\" value=\"always\" \/><param name=\"FlashVars\" value=\"document_id=26712219&amp;access_key=key-mhm3jhvxh5lu6o3m8zk&amp;page=1&amp;viewMode=list\" \/><\/object>\n<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/cash-hungry-opec-nations-ditching-their-own-production-quotas-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/this-is-where-your-oil-comes-from-2009-9\">This Is Where Your Oil Comes From<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/sovereign-backed-oil-companies-creamed-the-multinationals-in-iraq-2010-2\">Foreign State-Owned Energy Companies Dominating Iraq&#8217;s Oil Revolution, Leaving U.S. Ambitions In The Dust<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/oil-is-starting-its-growth-engines-2009-9\">Oil Starting Its Growth Engines<\/a><\/li>\n<\/ul>\n<p><a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/wb-JJmotrCVtznojSvFeQaqmZBM\/0\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/wb-JJmotrCVtznojSvFeQaqmZBM\/0\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><br \/>\n<a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/wb-JJmotrCVtznojSvFeQaqmZBM\/1\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/wb-JJmotrCVtznojSvFeQaqmZBM\/1\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=yTcsSfa9dQU:4DWLVUHzcmU:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=yTcsSfa9dQU:4DWLVUHzcmU:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?i=yTcsSfa9dQU:4DWLVUHzcmU:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=yTcsSfa9dQU:4DWLVUHzcmU:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?i=yTcsSfa9dQU:4DWLVUHzcmU:V_sGLiPBpWU\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=yTcsSfa9dQU:4DWLVUHzcmU:qj6IDK7rITs\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?d=qj6IDK7rITs\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?a=yTcsSfa9dQU:4DWLVUHzcmU:gIN9vFwOqvQ\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/greensheet?i=yTcsSfa9dQU:4DWLVUHzcmU:gIN9vFwOqvQ\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/greensheet\/~4\/yTcsSfa9dQU\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The International Energy Agency&#8217;s (IEA) latest oil market report paints a picture of crumbling production quota compliance among OPEC members. Compliance fell to just 58% in January from 61% in December. Nations such as Algeria, Ecuador, Qatar, and Venezuela are paying little heed to OPEC efforts at limiting crude oil supply: Moreover, as shown above [&hellip;]<\/p>\n","protected":false},"author":652,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-661589","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2M6N","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/661589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/652"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=661589"}],"version-history":[{"count":1,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/661589\/revisions"}],"predecessor-version":[{"id":762732,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/661589\/revisions\/762732"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=661589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=661589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=661589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}