Bid & Tender
Opec, Non-OPEC Compliance on Oil Output Cuts at New High in Feb

Date : Mar 23, 2018

A joint OPEC and non-OPEC technical committee estimates that compliance by OPEC and other producing countries with pledged oil output cuts in February hit a new high, said two sources familiar with the matter.

 

Compliance rose in February from January's rate, the sources said. Adherence in January was initially reported as 133 percent, the highest since an OPEC and non-OPEC deal to cut supply began in January 2017.

 

The committee met at OPEC's Vienna headquarters on Monday.