June 17, 2020 / 9:24 AM / 23 days ago

Compliance with OPEC+ oil output cuts 87% in May: source

FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration

MOSCOW/LONDON (Reuters) - Overall compliance with the OPEC+ oil output cuts deal stood at 87% in May, a source familiar with the data told Reuters on Wednesday.

Russia’s TASS news agency reported the same level of compliance, citing an OPEC source.

Reporting by Maria Kiselyova and Ahmad Ghaddar; writing by Vladimir Soldatkin; editing by Jason Neely

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