Based on the latest S&P Global Platts OPEC survey, the producer group’s compliance with its pledged oil output cuts is 98.5%.
It is also 111.5%.
At the same time, it is 71.9%.
Managing editor, Energy Economist
February 28, 2017 05:01 UTC
So far, OPEC compliance with its production cut goals appears to have been good, with cold weather and natural declines adding to reductions from non-OPEC producers, resulting in Russia being ahead of schedule.
Some OPEC members have exceeded their compliance targets, notably Saudi Arabia and Kuwait. The only real laggards are Iraq, the UAE and Venezuela.
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