OPEC + Compliance to Cut Production Rose to 117% in November

A report indicated that the compliance of “OPEC+” with the agreement to cut production in November amounted to 117%, which is a level higher than the 116% recorded in the previous October.

These data indicate that the Group’s production levels are still below the agreed targets.

The sources also told “Reuters” that the compliance rate of the 10 OPEC countries participating in the production cut agreement reached 122% last month, while that percentage among countries outside it reached 107%.