OPEC Compliance In February At 140%, Non-OPEC At 50-60%

Oil

OPEC’s compliance with an agreement to cut output by 1.2M b/d compared to levels in October last year was 140% in February, Reuters reports, citing a statement from Kuwait’s Oil Minister Essam Al-Marzouq. Non-OPEC compliance was said to be 50-60% of an agreed 558K b/d reduction.