Obvious that for the current time there is more than enough oil to meet demand so they can cut, while saying its not adding pressure on the worlds needs. I dont think opec objects to sitting on their oil to get a better price for it later. I do think opec is starting to understand that their oil fields are not infinite, while in the past they might have thought there would be oil forever like the times before peak oil Hubberd was acknowledged as being correct. Bottom line if you have oil here one could chose to ride it either up or down then up again. I would not want to be over extended on oil since the bottom is not known.