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OPEC+ Overproducers Update Compensation Cuts
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OPEC+ Overproducers Update Compensation Cuts
Four OPEC+ producers that have been pumping crude above their respective quotas have filed with the OPEC Secretariat updated compensation plans through June 2026, OPEC said on Monday. OPEC members Iraq and the United Arab Emirates (UAE), as well as the non-OPEC producers of the OPEC+ pact, Kazakhstan and Oman, have submitted their updated plans to cut more output between January and June as compensation for previously exceeding their quotas. The…
·London, United Kingdom
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