I know I'm wrong, but it was my impression, based on tweets and articles by John Kemp, Reuter's London-based oil analyst-journalist, that OPEC compliance was well above 100% -- as high as 114%.
Today, this over at Twitter:
My bad: it was Platts:
Platts says "not including Libya and Nigeria, compliance among OPEC's 12 members ...remains robust at 114%, down slightly from 116% in June, based on an average of January through July output."
Compliance is 114% but yet OPEC production "hits high of 32.82 million bopd." Okay.
No comments:
Post a Comment