Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Related Articles
Compliance with the deal OPEC+ for restriction of oil production level downgraded in April due to increased output in Kazakhstan and actions by Russia. reports TASS. `The level of compliance with the output limit in April made 172%. Non OPEC states downgraded the result in comparison to March (84%) to 80% due to growth of outputin Kazakhstan and weaker reduction of production in Russia. According to the International Energy Agency. Russia lowered production only by 250 000 barrels per day in April under the quota of 300 000.` the report said. According to the report. OECD commercial stocks declined counter-seasonally by 26.8 mb in March to 2 819 mb. their lowest level since March 2015.
