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OPEC's August crude oil production increase agreement fulfillment rate still reached 121%

 Last Update: 2021-09-28
 Source: Internet
 Author: User

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Recently, OPEC cited second-hand data in its much-watched "Monthly Oil Market Report", saying that in August, the total daily crude oil output of OPEC's 13 member states averaged 26.

However, this increase is still lower than the estimate in the monthly survey of Reuters, which is an increase of 210,000 barrels per day to an average of 26.

According to TASS estimates based on OPEC's second-hand data in MOMR, OPEC member states fulfilled 121% of the production reduction agreement in August, while the fulfillment rate in July was 115%

Iraq’s crude oil output increased by 90,000 barrels a day to 4.

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