Global oil reduction agreement
The member states and non-members of the Organization of Petroleum Exporting Countries (OPEC) in May (May-June) accounted for 163 percent of the global oil price reduction agreement.
According to a Reuters report from Vienna, three sources said OPEC and non-OPEC technical committee yesterday (Sunday, July 9th) concluded that compliance with the global oil reduction agreement in May was 163 percent.
The committee convened in Vienna.
OPEC ministers are scheduled to meet today in Vienna, the capital of Austria, on Monday (July 10th).