The OPEC+ alliance has 2.375 million b/d of so-called “compensation cuts” due to make up for previous overproduction in violation of quotas, but not all members have submitted plans to implement the extra reductions, according to an internal document seen by S&P Global Platts. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Of the 13 OPEC+ members required to make compensation cuts, only six have outlined their planned schedule of cuts, which total 1.222 million b/d, the document shows. The largest volume will come from Iraq, whose 698,000 b/d of catch-up cuts will be divided into 203,000 b/d in September and 165,000 b/d in October, November and December. Russia, which had the second largest […]