OPEC Monthly Oil Market Report October 2019


Russian energy minister, Alexander Novak – No official proposals from OPEC+ members to change deal

Says all OPEC+ members need to comply with the current deal in full

This doesn’t agree with yesterday’s headlines of potential deeper output cuts by OPEC. Thr next OPEC+ meeting in December.

The issue of compliance as Novak noted above as wel was mentioned yesterday.l.Deeper cuts are pointless if not 100% compliance.