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

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.