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OPEC+ produces below target in November as compliance rises -Breaking

by Mike Robinson

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© Reuters. The Organization of the Petroleum Exporting Countries logo is pictured in Vienna (Austria), August 21, 2015. Some members of OPEC are worried about the unexpected drop in oil price, OPEC d

LONDON (Reuters – OPEC+ compliance was 117% for November, up from 116% in the previous month. Two sources at the group reported to Reuters that this indicated the group’s oil production levels are still below their agreed targets.

The compliance rate of 10 OPEC countries that participated in the production cut reductions reached 122%. However, participation from non-OPEC states achieved 107% according to data Reuters.

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