OPEC+ Is 2.7 Million Bpd Below Oil Production Target ...Middle East

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OPEC+ Is 2.7 Million Bpd Below Oil Production Target
source : OILPRICE ( Middle East ) () 17
The OPEC+ group was falling behind its overall crude oil production target by a massive 2.695 million barrels per day (bpd) in May due to Western sanctions on Russia and capacity constraints at several other producers unable to pump to quotas, a document from OPEC+ seen by Reuters showed on Thursday.    Last month saw a larger gap in the overall production at OPEC+ members compared to the group’s target, according to estimates from secondary sources cited by the OPEC+ document. Compliance with the cuts jumped to 256% n May, up from…

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