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UPDATE 1-OPEC+ compliance with oil production cuts in Oct 101%-sources

Published 13/11/2020, 14:39

(Adds third source, detail, changes dateline)
LONDON/DUBAI, Nov 13 (Reuters) - The compliance of OPEC+ with oil production
cuts in October was seen at 101%, three OPEC+ sources told Reuters on Friday,
maintaining a strong level of adherence to their supply-cut pact.
The compliance assessment will be reviewed and confirmed by a meeting of the
OPEC+ Joint Technical Committee on Monday, one of the sources said.
The Organization of the Petroleum Exporting Countries and allies including
Russia, a group known as OPEC+, are scheduled to increase output by 2 million
barrels per day from January, but are considering adjusting the deal to further
support the market. OPEC+ is due to meet next on Nov. 30 and Dec. 1, following a high-level
ministerial meeting on Tuesday.

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