RE:OPEC may cancel output increase if Biden meddles You are absolutely right!!
This whole situation underlines the silliness of what Biden is doing.
First he puts policies in place through Executive Orders to reduce US oil production and reduces future US oil pipeline capcaity and threatens to stop the ENB Line 5 through Michigan which supplies oil not only to Canada but also to Indiana and Ohio and then begs other countriis to fall into line.
There are many problems to this but in terms of other countries, in the wake of the Afhgan debacle, Biden has ZERO leverage with other countries. You are right, OPEC and OPEC+ and laughing all the way to the bank. And frankly so am I as I increased my SU holdings last Friday.