Home / Market Update / OPEC+ compliance in August seen at 101%

OPEC+ compliance in August seen at 101%

The OPEC and its allies (OPEC+) saw its compliance with oil output cuts policy reach 101% last month, Reuters reports, citing two sources with knowledge of the matter.

The sources told Reuters that the compliance figure may be adjusted at the meeting of the committee.

The OPEC+ is scheduled to hold meetings later on Wednesday and Thursday to discuss the oil market fundamentals.

Check Also

Oil Prices Set for Steep Weekly Decline Despite Ceasefire, Supply Concerns Ease

Oil prices edged higher on Friday, but remained on track for their largest weekly decline …