
OPEC+ Repeats Call for Quota Discipline Before Supply Decision
The Joint Ministerial Monitoring Committee noted that some countries didn't stick to their output targets, and instructed them to update plans for making extra cutbacks as compensation, according to a statement on OPEC's website.
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Crude Prices Retreat on Energy Demand Concerns
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Bloomberg
2 hours ago
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Russia's Crude Output Was Slightly Above OPEC+ Target in July
Russia's oil data show its crude output was slightly above the nation's OPEC+ target in July, according to people familiar with the matter. Crude production rose to 9.13 million barrels a day last month, the people said, asking not to be identified as the information isn't public. That's about 27,000 barrels a day above the required level for the month, including compensation cuts, and the second time this year that output slightly exceeded the nation's target, Bloomberg calculations show.
Yahoo
2 hours ago
- Yahoo
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