OPEC+ Is Still Struggling With Production Cut Compliance

1. OPEC+ Sticks to Course as Focus Shifts to Overproducers - The Joint Ministerial Monitoring Committee of OPEC+ has confirmed the oil group’s current production targets, pushing back against increasing calls for a reversal of output cuts on the back of Brent hitting $90 per barrel.   - Compliance with stipulated production targets is becoming a major sticking point for OPEC+ members, with the JMMC asking Iraq and Kazakhstan to present detailed compensation plans on how they would cut output in Q2. - In total, OPEC+ produced…