Azerbaijan and Kazakhstan save OPEC deal

According to the IEA’s September report, non-OPEC countries fulfilled the plan to reduce production in August by 118% at the expense of Kazakhstan and Azerbaijan, the September report of the IEA said.

Kazakhstan exceeded the plan thrice, cutting production in August by 54 thousand barrels per day with a quota of 20 thousand.

Azerbaijan, in turn, reduced production by 78 thousand barrels per day with a quota of 54 thousand barrels per day.

A significant decrease in production was recorded in Mexico - 170 thousand instead of 100 thousand barrels per day.