Russia's output cut deal compliance at 68% - report

Monday, 18. November 2019 09:58

Russia's oil production increased to 11.3 million barrels per day in the first weeks of November, Interfax reported on Monday, citing sources. The newly released figure means the country's compliance with the OPEC+ output cut deal decreased compared to the previous month and is currently at 68%.

In October, Russia's compliance with the agreement was at 73%.

West Texas Intermediate was 0.21% in the green at $57.84 per barrel at 3:22 am ET while Brent for January delivery lost 0.11% to go for $63.19 per barrel at 3:46 am ET.

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Breaking the News / VP