OPEC+ compliance with oil output curbs in last month 101 pct

OPEC+ is due to meet next on November 30 and December 1, following a high-level ministerial meeting on Tuesday.(Reuters)

The compliance of OPEC+ with oil production cuts in October was seen at 101 percent, three OPEC+ sources told Reuters on Friday, maintaining a strong level of adherence to their supply-cut pact.

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The compliance assessment will be reviewed and confirmed by a meeting of the OPEC+ Joint Technical Committee on Monday, one of the sources said.

The Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+, are scheduled to increase output by 2 million barrels per day from January, but are considering adjusting the deal to furthersupport the market.



OPEC+ is due to meet next on November 30 and December 1, following a high-level ministerial meeting on Tuesday.

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Last Update: Friday, 13 November 2020 KSA 17:39 - GMT 14:39
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