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

Eren Sengezer FXStreet

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

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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