OPEC+ countries fulfilled agreement on oil production reduction in September by 111%


October 25, Fineko/abc.az. The participants of the OPEC+ agreement on reduction of oil production fulfilled the agreement by 111% in September.

The Organization of Petroleum Exporting Countries reports that the countries participating in the "agreement on cooperation" reached the level of execution of the transaction at the level of 111% in September 2018.

"This testifies about significant progress in achieving the goal set at the 4th Ministerial Meeting of OPEC and non-OPEC countries," the Organization noted.

In August, the transaction execution indicator made up 129% and in July - 109%. In September of 2018 the Ministerial Monitoring Committee confirmed the goal of returning to 110% implementation of the agreement and called on the participating countries to do so within two months.