OPEC Increases Production Cuts Deal Overcompliance to 81% in December - IEA
OPEC increased its overcompliance with the OPEC+ oil production cuts deal to 81 percent in December from the previous month's 61 percent, the International Energy Agency (IEA) said on Thursday
MOSCOW (Pakistan Point News / Sputnik - 16th January, 2020) OPEC increased its overcompliance with the OPEC+ oil production cuts deal to 81 percent in December from the previous month's 61 percent, the International Energy Agency (IEA) said on Thursday.
OPEC oil production fell to 29.44 million barrels per day, decreasing by 180,000 barrels per day compared to November, the IEA said in its monthly report.