Saudi Arabia, the de-facto leader of the Organization of the Petroleum Exporting Countries, is once again faced with a familiar foe in the form of non-compliance with oil output cuts as the Kingdom tries to navigate its way around a period of poor global demand and lower prices.

Oil prices fell Thursday morning, just hours after a new report revealed Saudi Arabia, the world’s largest crude exporter, is considering increasing production later this year. The move comes just weeks after the nation and eight other members of OPEC+ agreed to temporarily pause oil output hikes,