Opec+ panel urges compliance after surprise output hike
LONDON: Top Opec ministers stressed the need for full compliance with oil output targets and plans to compensate for pumping too much, after the group’s surprise decision this week to raise output further helped send prices crashing to pandemic-level lows.
Several ministers from the Organisation of the Petroleum Exporting Countries and allies led by Russia, or Opec as the group is known, held an online joint ministerial monitoring committee meeting on Saturday.
Record output in Kazakhstan has angered several other members of the group, including top producer Saudi Arabia, sources have told Reuters. Opec is........
© Dawn Business
