OPEC+ oil cut compliance at 113% in March, sources say


London — OPEC+ achieved a compliance level with its agreed oil production cuts of 113% in March, unchanged from levels in February, two sources from the producer group told Reuters on Tuesday.

Compliance from members of the Organization of the Petroleum Exporting Countries (OPEC) reached 124%, while non-OPEC participants achieved compliance of 93%, one of the sources said.

(Reporting by Ahmad GhaddarEditing by David Goodman)



This article was oroginally posted at sweetcrudereports.com

News  Global oil demand unlikely to fully recover until 2022

Sponsors

Be the first to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.