OPEC, non-OPEC compliance with oil output cuts in May hit 106% - Reuters

According to a source familiar with the matter, compliance with a deal to cut global oil output was the highest in May since OPEC and non-OPEC producers agreed on the curbs last year at 106%, as per Reuters reported.

Key quotes (via Reuters):

  • OPEC compliance with the output curbs in May was 108 percent
  • Non-OPEC compliance was 100 percent

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