Here is a headline from today’s Bloomberg:
”Saudis Keep Pressure on OPEC Cheats Before Ministerial Talks”…. I’m not sure what the time frame is for “laggards” to become “cheats”, but here is from the article:
”Nigeria, Iraq and several other nations have consistently fallen short of their pledges to cut production as the Organization of Petroleum Exporting Countries and its allies seek to offset the sharp drop in oil demand triggered by the coronavirus pandemic.
Their level of compliance will be one of the main subjects of discussion at a video conference later on Wednesday of the OPEC+ Joint Ministerial Monitoring Committee, which is chaired by Saudi Arabia and Russia. It’s due to start at 4 p.m. Vienna time.”
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