The OPEC+ group is currently pumping 2.6 million barrels per day (bpd) of oil below its target, and efforts to boost output per the monthly plans are "not encouraging," the energy minister of one of OPEC's top producers, the United Arab Emirates, said on Wednesday. "According to last month's report, we have seen the conformity (to output cuts) of the OPEC+ group and the conformity was more than 200%," the UAE's Energy Minister Suhail al-Mazrouei said at an energy conference in Jordan as carried by Reuters.
Since OPEC+ started reversing last year…UAE: OPEC+ Struggles With Oil Production Hikes
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