Eleven non-OPEC oil producers that joined a global deal to cut output to boost prices have delivered at least 60% of promised curbs so far, OPEC sources said Feb. 22, higher than initially estimated.OPEC, Russia and other producers agreed to cut production by 1.8 million barrels per day (MMbbl/d) from Jan. 1 to boost prices and get rid of a supply glut.Compliance numbers were reviewed at a meeting in Vienna on Feb. 22 comprised of officials from countries monitoring adherence to agreed output levels—OPEC members Kuwait, Venezuela, Algeria plus non-OPEC Russia and Oman. OPEC President Saudi Arabia also attended.
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