The 12 OPEC members with quotas reduced compliance from 115% in August to 110% in September. The bloc had aimed to end overcompliance with cuts in force since January 2017 as it attempts to boost crude oil production by 180,000 bpd. Altogether OPEC boosted output to 33.07 million bpd in September, up 1 million bpd from August. Excluding Congo, a member since June 2017, OPEC has not produced as much since July 2017. Along with its 10 non-OPEC partners it has also surpassed targets to increase production by a combined 180,000 bpd from May, up 850,000 bpd since then.
The 12 OPEC members with quotas reduced compliance from 115% in August to 110% in September. The bloc had aimed to end overcompliance with cuts in force since January 2017 as it attempts to boost crude oil production by 1 million bpd. Altogether OPEC boosted output to 33.07 million bpd in September, up 180,000 bpd from August. Excluding Congo, a member since June 2017, OPEC has not produced as much since July 2017. Along with its 10 non-OPEC partners it has also surpassed targets to increase production by a combined 1 million bpd from May, up 850,000 bpd since then.