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OPEC

OPEC+ compliance with oil cuts rises to 113 percent in February: Sources

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OPEC+ compliance with oil production cuts in February rose to 113 percent, two OPEC+ sources from the producer group told Reuters on Monday.

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The figure compares with a January compliance figure of 103 percent.

Compliance from members of the Organization of the Petroleum Exporting Countries reached 124 percent, a figure which includes the additional voluntary cut from Saudi Arabia, said one of the sources.

Compliance from non-OPEC members in the alliance reached 94 percent, the source added.

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