Compliance falls below 100%
OPEC’s grip on the oil market seems to be slipping away, as its newest Monthly Oil Market Report shows production rising, despite cuts.

In its MOMR, OPEC gives two sources of production, levels directly reported by companies and levels reported by secondary sources such as Platts. Each country’s directly reported values are not considered reliable, though, and most independent entities only consider secondary sources such as recognized industry data providers.

Based on secondary sources, total OPEC oil produc...


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