Baku 13° C
OPEC+ Agreement: Compliance exceeding 100% in February
Energy
- 01 April, 2021
- 15:08
The overall compliance rate to the oil production cut agreement, concluded between the Organization of Petroleum Exporting countries (OPEC) and its allies (OPEC+), exceeded 100% in February 2021, Minister of Energy and Mines Mohamed Arkab said Wednesday, Report informs, referring to Algeria Press Service.
“The Technical Committee’s reports showed positive signs of stabilization in the world market but revealed some uncertainties in the oil markets after new strains of the coronavirus became widespread around the world. This will lead to the closure of producing countries which have an impact on both demand and prices,” Mohamed Arkab said.
Author
Latest News
22:01
President Ilham Aliyev met with President of Global Affairs at The Goldman Sachs Group, Inc. in Munich
Foreign policy20:40
European Commissioner: The TRIPP project could be a true game-changer
Foreign policy20:24
Marta Kos: Peace between Armenia and Azerbaijan opens previously impossible opportunities
Foreign policy19:54
Zelenskyy thanks Ilham Aliyev for energy assistance to Ukraine
Foreign policy19:46
Photo
President Ilham Aliyev met with Ukrainian President Volodymyr Zelenskyy in Munich - UPDATED
Foreign policy19:22
Photo
President Ilham Aliyev met with the European Union's High Representative for Foreign Affairs and Security Policy in Munich - UPDATED
Foreign policy19:16
Photo
President Ilham Aliyev participates in panel discussion in Munich - UPDATED
Foreign policy18:57
President: The fact that TRIPP bears President Trump's name means this corridor will be important for this administration
Foreign policy18:12
Photo