The OPEC+ alliance's compliance with the oil output cut deal reached 159% in March, the International Energy Agency (IEA) said in its monthly report on Wednesday
MOSCOW (Pakistan Point News / Sputnik - 13th April, 2022) The OPEC+ alliance's compliance with the oil output cut deal reached 159% in March, the International Energy Agency (IEA) said in its monthly report on Wednesday.
"In March, output from the alliance's 19 members with quotas was up by a mere 40 kb/d, far below the planned 400 kb/d increase, and 1.5 mb/d below their target," the report said.
In total, the� OPEC+ alliance's compliance reached 159%, with OPEC countries' compliance amounting to 157% and non-OPEC ones' to 162%.
