The OPEC+ group continues to deliver lower supply increases than the monthly production quotas, according to the alliance’s estimates of compliance with the November crude oil output quotas. In November 2021, the members of the OPEC+ agreement complied with the production cuts at 117 percent, Amena Bakr, Deputy Bureau Chief and Chief Opec Correspondent at Energy Intelligence, reported on Tuesday, quoting delegates at the ongoing monthly OPEC+ meeting.
The high conformity level with the cuts—over 100 percent—suggests that OPEC+…OPEC+ Continues To Struggle To Produce As Much As Quotas Allow
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