OPEC+ compliance with output cut at 120% in December: report

20/01/2022 Argaam
Logo of OPEC

Logo of OPEC

OPEC+ compliance with oil production cuts reached 120% in December, the highest level since putting the output quota system into effect in May 2020.

 

The production of the alliance’s 19 member states fell by 747,000 barrels per day (bpd) than December’s agreed target.

 

Crude production grew by 273,000 bpd on a monthly basis to 37.6 million bpd.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.