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Bloomberg Quint

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Image Credit: Bloomberg Quint

OPEC+ Efforts At Oil Quota Compensation Look Flimsy As Ever

  • OPEC+ efforts to compensate for oil quota violations are as flimsy as ever
  • The latest data shows little success in meeting compensation targets
  • Kazakhstan's overproduction has increased the backlog of compensation cuts by more than 40%
  • Low oil prices may not be enough to change the behavior of countries violating quotas

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