OPEC+ compliance with oil cuts at 99% in December, sources say

Technical and ministerial committee meetings of the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia are scheduled to take place in early February.

January 21, 2021 / 09:24 PM IST
Source: Reuters

Source: Reuters

OPEC+ compliance with oil production cuts in December reached 99 percent, two sources from the producer group told Reuters on Thursday.

The figure is slightly below November's 101 percent.

Technical and ministerial committee meetings of the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia are scheduled to take place in early February.

The final compliance figure could change slightly before then, one of the sources said.

 
Reuters
first published: Jan 21, 2021 09:22 pm
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