September 11, 2019 / 5:05 PM / 4 months ago

OPEC fulfilled oil output deal at rate of 131% in August: TASS cites source

FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) inside its headquarters in Vienna, Austria, December 7, 2018. REUTERS/Leonhard Foeger/File Photo

MOSCOW (Reuters) - OPEC countries fulfilled a global deal to cut oil output at a rate of 131% last month, while non-OPEC countries fulfilled it at a rate of 147%, TASS news agency cited a source as saying on Wednesday.

OPEC, Russia and other producers have since Jan. 1 implemented a deal to cut output by 1.2 million bpd. The alliance, known as OPEC+, in July renewed the pact until March 2020 and a committee reviewing the pact meets on Thursday.

Reporting by Maria Grabar; Writing by Gabrielle Tétrault-Farber; Editing by Franklin Paul

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below