Oil Producers Cut July Output by 9 pct More than Agreed

Posted by Joseph Keefe
Monday, August 27, 2018

An OPEC and non-OPEC monitoring committee found that oil producers participating in a supply-reduction agreement cut output in July by 9 percent more than called for in their pact, two sources familiar with the matter said on Monday.

The committee groups representatives from Saudi Arabia, Russia, the United Arab Emirates, Kuwait, Algeria, Venezuela and Oman.


Reporting by Rania El Gamal and Alex Lawler

Categories: Offshore Energy Shale Oil & Gas

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