Skip to content
Subscriber Only

OPEC Says ‘All Options are Open’ With Compliance at Record Level

  • OPEC, non-OPEC producers achieved 120% complinace in Sept.
  • OECD oil stocks at 159m barrels above five-year average level
Video player cover image

OPEC Said to Mull Output Cuts Exit Plan

Updated on

OPEC and its non-OPEC allies reiterated that all options to rebalance the oil market “are left open” as the producers announced the highest level of compliance with their agreement to curtail production.

The joint ministerial committee responsible for monitoring the agreement, known as JMMC, said on Saturday that producing countries achieved a record-high conformity level on their voluntary production adjustments at 120% in September, according to a statement on the website of the Organization of Petroleum Exporting Countries.