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https://www.wsj.com/articles/opec-oil-output-lags-behind-targets-despite-pledges-to-boost-supplies-11657629660
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Oil production from the Organization of the Petroleum Exporting Countries continued to lag behind targets in June, raising fresh concerns about whether the cartel is .css-1h1us5y-StyledLink{color:var(–interactive-text-color);-webkit-text-decoration:underline;text-decoration:underline;}.css-1h1us5y-StyledLink:hover{-webkit-text-decoration:none;text-decoration:none;}capable of easing the worst supply crisis in decades ahead of a meeting between President Biden and the group’s largest members.
Output from the 10 OPEC members involved in the cartel’s plans to gradually raise production to prepandemic levels rose to 24.81 million barrels a day in June, the group said, according to data from a collection of secondary sources. That put it roughly 1.06 million barrels a day behind its agreed-upon quota for June of 25.87 million barrels a day.
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.
OPEC Oil Output Lags Behind Targets Despite Pledges to Boost Supplies – The Wall Street Journal
