The OPEC+ group complied 101 percent with the oil production cuts in October, keeping a high level of conformity ahead of the crucial meetings over the next two weeks, which will decide if the alliance will reverse course on easing the cuts given the worsening demand outlook. The compliance last month has been estimated at 101 percent, three sources at OPEC+ told Reuters on Friday. This assessment is subject to official review by the Joint Technical Committee (JTC) of OPEC+, which is meeting on Monday, November 16, a day before the monthly meeting of the Joint Ministerial Monitoring Committee (JMMC) scheduled for Tuesday. In September, the overall compliance of the OPEC+ pact participants was at 102 percent, the highest since May 2020, the JMMC said after its meeting in October, when it urged full compliance with the quotas and “reminded all participating countries of the necessity to be vigilant […]