OPEC+ produces below target in Novemberas compliance rises

OPEC+ produces below target in November
as compliance rises

Reuters

UK Supreme court building

Reporting by Ahmad Ghaddar / Reuters

LONDON
Petroleumworld 12 20 2021

OPEC+ compliance with oil production cuts stood at 117% in November, up from 116% the previous month, two sources from the group told Reuters, indicating the group’s production levels continue to be below agreed targets.

Compliance from the 10 OPEC countries participating in the production cuts reached 122%, with participating non-OPEC countries achieving 107%, data seen by Reuters showed.

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Reporting by Ahmad Ghaddar. Editing by Jane Merriman from Reuters

reuters.com 12 20 2021

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