OPEC+ May Temper Output Rise With Extra Oil Cuts From Cheats

Panel outlines 842,000 barrels a day of compensation cuts
Ministers set to confirm overall cut will be eased in August

Oil Won't See a Straight-Line Recovery, Energy Aspects Says

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By Nayla Razzouk and Grant Smith

July 14, 2020 at 7:05 PM UTC

Updated on

July 15, 2020 at 6:55 AM UTC

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OPEC+ is seeking extra production cuts from members that have missed their targets again in June, potentially tempering the impact of the supply resumption planned by the wider coalition next month.

A technical committee that met online on Tuesday outlined plans for countries including Iraq, Nigeria and Kazakhstan to make an additional 842,000 barrels a day of compensatory cuts in August and September, according to delegates.