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OPEC + commitment to oil production cuts to 159% in July
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| OPEC |
OPEC and non-OPEC oil producers carried out production cuts in July at a faster-than-expected rate under a supply-cut deal, the Russian news agency TASS reported.
Tass quoted a source from the OPEC + technical committee that the commitment rate of reductions reached 159 percent in July.
OPEC's compliance rate in July was 156 percent, while non-OPEC producers implemented 166 percent cuts.
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