OPEC+ Compliance Rises to 129% in January

OPEC+ compliance with oil production cuts rose to 129% in January, a source from the producer group told Reuters, indicating that some members continue to struggle to raise their output.
The January figure compares with 122% in December, and 117% in November.
Compliance from members of the Organization of the Petroleum Exporting Countries (OPEC) was at 133% in January, while non-OPEC producers in the alliance achieved a compliance of 123%, the source said.

About Parvin Faghfouri Azar

Check Also

Lower Natural Gas Prices Squeeze Big Oil’s Profits in Q1 2024

Much lower natural gas prices this year compared to 2023 dragged down profits at some …

Leave a Reply

Your email address will not be published. Required fields are marked *