Sources Reuters: OPEC + commitment to cut production dropped to 115 percent

Three OPEC + sources told Reuters on Monday that the alliance’s commitment to oil cuts fell slightly to 115% in September.

The figure shows that some members are still facing production problems in based on their agreed quotas due to various technical problems.

Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), Muhammad Barkindo, said in statements To journalists on the sidelines of an energy forum in MoscowOn Thursday, uncertainty over the COVID-19 pandemic continues to affect the oil market.

He continued: “The market determines its course in based on the basis of supply and demand. But we have to admit that there are external factors that influence the movement of the market. “

As for the measure in which COVID-19 is causing uncertainty, Barkindo noted “the reactions of governments with the emergence of different strains and how the world can increase vaccination rates, especially in countries in via of development”.

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