A report seen by Reuters showed that Russia produced about 300,000 barrels per day below its target in March at 10.018 million bpd, based on secondary sources
OPEC+ produced 1.45 million barrels per day below its production targets in March, as Russian output began to decline following sanctions imposed by the West, a report from the producer alliance seen by Reuters showed.
Compliance with the production cuts rose to 157 per cent in March, from 132 per cent in February, the data showed, the highest since the group introduced record production cuts of about 10 million bpd in May 2020 to counter the impact of the pandemic on demand.
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