OPEC+ Compliance With Oil Production Pact Drops To 99%

The producers part of the OPEC+ alliance complied with the oil output cuts at 99 percent in December 2020, down from 101 percent compliance in November, sources at the OPEC+ group told Reuters on Thursday. The technical and ministerial panels of the alliance will meet in early February to discuss compliance and the state of the oil market, and the final number on OPEC+ compliance for December could slightly change before that, one of the sources in the group told Reuters. Earlier this month, tanker tracking firm Petro-Logistics estimated that OPEC+…