Russian OilMin Novak: OPEC and non-OPEC compliance with pact was 116% in August

Russian Energy Minister Alexander Novak recently crossed the wires, with the key headlines, via Reuters, found below:

•  OPEC and non-OPEC compliance with pact was 116% in August
• Russian compliance with pact is more than 100%
• Nigeria reached oil production of 1.8 mln bpd in July and production was 100,000 bpd lower in August
• Too early to discuss how long the current oil pact should be extended

As of writing, the barrel of West Texas Intermediate was trading at $50.60, flat on the day.