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OPEC+ Compliance Increased in June

OIL

OPEC+ member crude production compliance rate increased to 320% in June, up from 256pc in May, according to two delegates reported by Argus.

  • Production was 2.84mbpd below the June target, with compliance from OPEC members up from 196% to 236% and from non-OPEC members up from 360% to 464%.
  • The Argus survey itself put compliance at 297% with 213% from OPEC and 442% from the wider group.
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OPEC+ member crude production compliance rate increased to 320% in June, up from 256pc in May, according to two delegates reported by Argus.

  • Production was 2.84mbpd below the June target, with compliance from OPEC members up from 196% to 236% and from non-OPEC members up from 360% to 464%.
  • The Argus survey itself put compliance at 297% with 213% from OPEC and 442% from the wider group.