Report: OPEC+ states fulfill oil deal by 111% in September

MOSCOW, Oct 19 (PRIME) -- OPEC and non-OPEC states fulfilled the deal to reduce oil production by 111% in September after 129% seen in August, Reuters reported on Friday citing three sources.

In November 2016, OPEC and non-OPEC states agreed to reduce their oil production to rebalance the market. Russia joined the agreement to cut the output by 300,000 barrels daily as compared with the level of October 2016. In 2017, the deal was prolonged until the end of 2018. In June, the participants decided to raise the output by 1 million barrels of oil per day.

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