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OPEC fulfilled oil output deal at rate of 131% in August - TASS cites source

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09/11/2019 | 12:58pm EDT

MOSCOW (Reuters) - OPEC countries fulfilled a global deal to cut oil output at a rate of 131% last month, while non-OPEC countries fulfilled it at a rate of 147%, TASS news agency cited a source as saying on Wednesday.

OPEC, Russia and other producers have since Jan. 1 implemented a deal to cut output by 1.2 million bpd. The alliance, known as OPEC+, in July renewed the pact until March 2020 and a committee reviewing the pact meets on Thursday.

(Reporting by Maria Grabar; Writing by Gabrielle Tétrault-Farber; Editing by Franklin Paul)

Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL 1.69% 64.56 Delayed Quote.25.71%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.47% 63.882 Delayed Quote.-7.14%
WTI 0.71% 58.48 Delayed Quote.36.21%
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