OPEC attains record 90 percent of output cuts as demand grows, IEA says

OPEC nations have largely lived up to their deal regarding a production cap, according to the International Energy Agency.
Photo: Kamran Jebreili / AP Polfoto
Photo: Kamran Jebreili / AP Polfoto
BY GRANT SMITH, BLOOMBERG

OPEC achieved the best compliance rate in its history at the outset of an accord to clear the oil glut, a plan that's being supported by surprising strength in demand, the International Energy Agency said.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
  • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    On June 1, Senvion's former CFO Manav Sharma started as US country manager for Nordex. Soon he will have a new factory at his disposal. | Photo: Senvion

    Nordex restarts production in the US

    For subscribers

    Further reading