FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured on the wall of the new OPEC headquarters in Vienna March 16, 2010. REUTERS/Heinz-Peter Bader/File Photo
February 21, 2022
LONDON (Reuters) – OPEC+ compliance with oil production cuts rose to 129% in January, a source from the producer group told Reuters, indicating that some members continue to struggle to raise their output.
The January figure compares with 122% in December, and 117% in November.
Compliance from members of the Organization of the Petroleum Exporting Countries (OPEC) was at 133% in January, while non-OPEC producers in the alliance achieved a compliance of 123%, the source said.
(Reporting by Ahmad Ghaddar, writing by Bozorgmehr Sharafedin; editing by Jason Neely)
