Julian Lee

Government, Business, Fuel

OPEC Quota-Busters Start to Toe Line in June

Oil tankers are seen anchored in the Pacific Ocean near Long Beach, Calif. Oil tankers are seen anchored in the Pacific Ocean near Long Beach, Calif. (Patrick T. Fallon/Bloomberg News)

Three OPEC members identified by their peers as failing to bring production down to target levels in May appear to have begun improving their compliance in June, if lower exports are any indication. But for the biggest overproducer, Iraq, that first step is a small one.

Julian Lee | Bloomberg News
June 16, 2020