Compliance with agreed oil supply agreements by OPEC countries and some non - OPEC countries and by Russia is at 85 % , including delegates from a special committee . The Organization of the Petroleum Exporting Countries and several other exporters led by Russia have agreed to cut oil production by 1.2 million barrels per day. OPEC and a number of other exporters have agreed to increase oil production by 1.2 million bpd .
Compliance with agreed oil supply agreements by OPEC countries and some non - OPEC countries and by Russia is at 85 % , including delegates from a special committee . OPEC and a number of other exporters have agreed to increase oil production by 1.2 million bpd .