OPEC+ members' compliance with deal to reduce oil production was 101 percent in August, the reduction amounted to 7.8 million barrels per day, Russian Energy Minister Alexander Novak said on Thursday
MOSCOW (Pakistan Point News / Sputnik - 17th September, 2020) OPEC+ members' compliance with deal to reduce oil production was 101 percent in August, the reduction amounted to 7.8 million barrels per day, Russian Energy Minister Alexander Novak said on Thursday.
"The total reduction amounted to 7.8 million barrels per day, this is a large figure, it is in line with the agreement. Compliance was 101 percent, in contrast to July, when it was 95 percent. August showed that the countries approached more responsibly in the implementation of the agreement," Novak told the Rossiya 24 broadcaster.
