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21 Sep 2017
Russian OilMin Novak: OPEC and non-OPEC compliance with pact was 116% in August
Russian Energy Minister Alexander Novak recently crossed the wires, with the key headlines, via Reuters, found below:
- OPEC and non-OPEC compliance with pact was 116% in August
- Russian compliance with pact is more than 100%
- Nigeria reached oil production of 1.8 mln bpd in July and production was 100,000 bpd lower in August
- Too early to discuss how long the current oil pact should be extended
As of writing, the barrel of West Texas Intermediate was trading at $50.60, flat on the day.