Thursday, March 12, 2026
OPEC+ committee reiterates need for oil output quota compliance- oil and gas 360

OPEC+ committee reiterates need for oil output quota compliance

(World Oil) – Key OPEC+ nations reiterated the need for members to stick to oil output quotas after the group’s surprise decision to speed up an output revival battered crude prices. The Joint Ministerial Monitoring Committee noted that some OPEC+ members failed to fully observe their limits or deliver extra curbs pledged as compensation for over-producing, according to a statement on