[thackney]

the question then should be, “Why is OPEC fueling the glut?”

OPEC isn't feeding an increase in production, the US is, and to a lesser amount, Canada.

[MrB]

OPEC is trying to put the US/Canada producers out of business so they can raise prices again.

Funny thing is, we’ve gotten to the point that if they cut production, we just say “fine, we’ll sell more of ours”.