LONDON (Reuters) - A joint OPEC and non-OPEC technical committee estimates that compliance by OPEC and other producing countries with pledged oil output cuts in February hit a new high, two sources familiar with the matter said on Wednesday.
Compliance rose in February from January’s rate, the sources said. Adherence in January was initially reported as 133 percent, the highest since an OPEC and non-OPEC deal to cut supply began in January 2017.
The committee met at OPEC’s Vienna headquarters on Monday.
Reporting by Alex Lawler, editing by Louise Heavens