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RTRS: OPEC+ Compliance w/ Cuts Up To 136% In Feb From 129% In Jan-Sources


Reuters reporting that according to two unnamed OPEC sources, OPEC+ complaince with production cuts was up to 136% in February, from 129% in January.

  • Comes as AFP reports that the International Energy Agency (IEA) head says that he hopes oil-producing nations will step in at next OPEC+ meeting to 'relieve the strain' on oil markets.
  • Earlier this week, UK PM Boris Johnson travelled to the UAE and Saudi Arabia in an effort to convince both countries to raise output and ease the major price pressures affecting Europe. These efforts were summarily rebuffed.

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