Oil higher as OPEC+ falls further short of targets
In a further sign that calls for OPEC+ to raise output further are a wasted effort, IEA reported that compliance with pandemic-agreed cuts rose to 136% last month, up from 129% in January. In other words, the group is not only failing to hit its quotas, it's missing them by an estimated more than one million barrels per day.
18-03-2022 10:11 GMT
by Craig Erlam
