OPEC+ in July do the agreement on 44%

Countries outside OPEC in July fulfilled their obligations to reduce oil production on 44%. This is stated in the report of the International energy Agency (IEA).

Oil production of these countries decreased by October 2016 by 240 thousand barrels per day.

At the same time, the average for the entire period of the Vienna deal, their level of compliance with obligations to reduce oil production was 82%, reports "Prime".

OPEC and a number of non-member countries (OPEC+) agreed at the end of 2016 in Vienna to reduce oil production by 1.8 million barrels per day from the level of October 2016, of which 300 thousand fell on Russia. The deal started at the beginning of 2017 and was extended twice, the last time-until the end of 2018.

At the end of June 2018, OPEC+ agreed on the goal to avoid over-fulfillment of the transaction. It was explained that in practice this would mean an increase in production by 1 million barrels per day, including Russia will increase production by 200 thousand.

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