OPEC+ Energy Ministers to Discuss Production Quota Compliance

Energy ministers of the OPEC+ producers will discuss in a Thursday call the importance of sticking to the oil production quotas under the deal, delegates from the alliance told Bloomberg on Wednesday. In every press release for years, the OPEC+ group has been stressing how important sticking to the quotas is.

Overproduction has partly negated the bullish effects of the cuts on the oil market. The alliance is beginning the easing of the cuts this month, adding 138,000 barrels per day (bpd) to combined production. However, all OPEC+ calculations…