OPEC+ compliance with oil cuts hits 97%: Saudi energy minister

19/08/2020 Argaam

OPEC oil producers and allies achieved unprecedented levels of compliance with oil cuts, the Ministry of Energy said.

 

The OPEC+ compliance with oil cuts hit 97%, Saudi Minister if Energy, Prince Abdulaziz bin Salman said on Wednesday during the 21st Meeting of the Joint Ministerial Monitoring Committee (JMMC).

 

This came after OPEC and its oil producing allies had finalized a historic agreement in April to cut production by 9.7 million barrels per day.  

 

 

 

 

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