OPEC+ compliance with oil production cuts at 99% in December, says report

The figure is slightly below November's 101 percent

Topics
OPEC | Opec oil cuts | Russia

Reuters  |  LONDON 

OPEC
(Bloomberg)

LONDON (Reuters) - OPEC+ compliance with oil production cuts in December reached 99%, two sources from the producer group told Reuters on Thursday.

The figure is slightly below November's 101%.

Technical and ministerial committee meetings of the Organization of the Petroleum Exporting Countries (OPEC) and allies led by are scheduled to take place in early February.

The final compliance figure could change slightly before then, one of the sources said.

 

(Reporting by Ahmad Ghaddar and Alex Lawler; Editing by David Goodman)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Read our full coverage on OPEC
First Published: Thu, January 21 2021. 21:39 IST
RECOMMENDED FOR YOU