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    Home » OPEC+ compliance with oil cuts rises to 113% in February, sources say

    OPEC+ compliance with oil cuts rises to 113% in February, sources say

    March 22, 2021
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    *Logo of the Organization of Petroleum Exporting Countries

    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.

    (Reporting by Ahmad Ghaddar; Editing by Susan Fenton)

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