OPEC+ compliance in August seen at 101%

OPEC+ compliance in August seen at 101%
  • Clock-gray 14:48
  • calendar-gray 16 September 2020

Compliance with oil production cuts in August among OPEC+ members was seen at around 101%, two OPEC+ sources said on Wednesday, APA-Economics reports citing Reuters.

A technical committee of the alliance of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, plans to hold a meeting later on Wednesday to discuss market fundamentals and compliance.

The compliance figure may be adjusted at the meeting of the committee, one of the sources said.

Mirsaid İbrahimzade

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