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OPEC+ compliance with oil output pledges was at 320% in June

July 29, 20228:29 AM Reuters0 Comments

OPEC headquarters in Vienna, Austria
OPEC headquarters in Vienna, Austria

Compliance by the Organization of the Petroleum Exporting Countries and its allies with oil output cut pledges reached 320% in June, Russian Interfax news agency cited a source familiar with the data on Friday.

It also said that the OPEC+ group’s combined oil underproduction was 2.84 million barrels per day last month.

OPEC+ will consider keeping oil output unchanged for September when it meets next week, despite calls from the United States for more supply, although a modest output increase is also likely to be discussed, eight sources said.

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