Open Demo Account
Home / Market Update / Commodities / Two Sources: OPEC+ Compliance With Oil Production Cuts Reached 116% in October

Two Sources: OPEC+ Compliance With Oil Production Cuts Reached 116% in October

Adel 19 November, 2021 2:13 pm Commodities, Market Update

Two sources familiar with the matter said that the commitment of the OPEC+ group to oil production cuts amounted to 116 percent in October, up from 115 percent in September.

This indicates that the group continues to produce within the framework of the agreed goals.

The data showed that the compliance of OPEC members participating in the OPEC+ alliance rose from 115 percent in September to 121 percent in October, the highest level since May.

The compliance rate of non-OPEC producers was 106 percent in October, down from 114 percent in September.

Tags

Check Also

U.S. Futures Edge Higher Amid Softer Inflation Data

U.S. stock index futures advanced slightly on Monday as Wall Street reacted to signs of …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends