OPEC+ presses for compliance with oil cuts amid fears of demand recovery

Topics Oil prcies | Coronavirus | OPEC


By Rania El Gamal, Alex Lawler and Olesya Astakhova DUBAI/LONDON/MOSCOW (Reuters) - OPEC and its allies pressed oil nations pumping above output targets to cut more in August-September amid fears oil demand recovery was slow while saying it could reach pre-pandemic levels by the year-end. The group, known as OPEC+, met on Wednesday to review compliance and left oil cuts levels unchanged.

Cuts would deepen this month and next because of compensation by Iraq, Nigeria, Angola and Kazakhstan for overproduction in May-July. "Based.

This article is no longer available in our repository.

There could be multiple reasons for this.