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OPEC+ compliance in August seen at 101%

Adel 16 September, 2020 3:42 pm Market Update

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.

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