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