OPEC-Non-OPEC Oil Output Cut Deal Compliance At 129% In August - Russian Energy Minister

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OPEC-Non-OPEC Oil Output Cut Deal Compliance at 129% in August - Russian Energy Minister

The compliance of the Organization of the Petroleum Exporting Countries (OPEC) and non-cartel producers with the Vienna oil output deal reached 129 percent in August, Russian Energy Minister Alexander Novak said on Saturday.

ALGIERS (UrduPoint News / Sputnik - 22nd September, 2018) The compliance of the Organization of the Petroleum Exporting Countries (OPEC) and non-cartel producers with the Vienna oil output deal reached 129 percent in August, Russian Energy Minister Alexander Novak said on Saturday.

"In August, 129 percent," Novak said on the arrival for OPEC-non-OPEC Joint Ministerial Monitoring Committee (JMMC) meeting in Algiers scheduled for Sunday.

He added that the countries would discuss the situation on the oil market on Sunday.