Venezuela hails ‘record level of compliance’ with OPEC+ deal

The OPEC+ cooperation agreement saw “a record level of compliance” in August, Venezuelan Oil Minister Tareck El Aissami said.

“We applaud the excellent results of the cooperative work of OPEC+,” El Aissami said on Twitter on Thursday, adding the level of compliance with production quotas in August was 101 per cent.

El Aissami’s remarks came on the sidelines of the 22nd meeting of the OPEC+ Joint Ministerial Monitoring Committee, a body made up of the member countries of the Organization of Petroleum Exporting Countries and other producing nations, Xinhua news agency reported.