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OPEC+ compliance with oil cuts rises to 113pc in February
- Compliance from members of the Organization of the Petroleum Exporting Countries reached 124%, a figure which includes the additional voluntary cut from Saudi Arabia, said one of the sources.
- Compliance from non-OPEC members in the alliance reached 94%, the source added.
LONDON: OPEC+ compliance with oil production cuts in February rose to 113%, two OPEC+ sources from the producer group told Reuters on Monday.
The figure compares with a January compliance figure of 103%.
Compliance from members of the Organization of the Petroleum Exporting Countries reached 124%, a figure which includes the additional voluntary cut from Saudi Arabia, said one of the sources.
Compliance from non-OPEC members in the alliance reached 94%, the source added.
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