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OPEC+ produces below target in November as compliance rises

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

oil and gas
Photo: Bloomberg
Reuters LONDON
1 min read Last Updated : Dec 20 2021 | 4:18 PM IST

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.

 

(Reporting by Ahmad Ghaddar. Editing by Jane Merriman)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :OPECoil and gas

First Published: Dec 20 2021 | 4:18 PM IST

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