OPEC+ oil output falls 116% in October below target as members cut more than agreed

OPEC+ compliance with oil output cuts stood at 116% in October, up from 115% the previous month, internal data seen by Reuters shows as the group continues to produce less than its agreed targets.

Compliance for OPEC members participating in the group rose from 115% in September to 121% in October, the highest since May, the data showed.

Compliance for non-OPEC participating producers stood at 106 per cent in October, up from 114% in September.

This story has been published without modification in text from a wire agency feed. Only the title has been changed.

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