OPEC+ Compliance With Oil Cuts In March Largely Due To Saudi Arabia – IEA
The alliance of the OPEC+ oil producers was able to achieve the 113 per cent oil cuts agreement reached last month largely due to Saudi Arabia’s voluntary additional cut of 1 million barrels a day (mbd), a report said. The International Energy Agency (IEA) which disclosed this in its monthly Oil Market Report on Wednesday, said “Saudi Arabia maintained its extra reduction in supply for a second month in a row. “That kept overall OPEC+ compliance with supply cuts at a robust 113 per cent during March. “Russia ramped up,…
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