Compliance with oil production cuts in August among OPEC+ members was seen at around 101%, two OPEC+ sources told Reuters on Wednesday.

A technical committee of the alliance of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, plans to hold a meeting later on Wednesday to discuss market fundamentals and compliance.

The compliance figure may be adjusted at the meeting of the committee, one of the sources said.

– Reuters