An OPEC and non-OPEC monitoring committee found that oil producers’ compliance with a supply-reduction agreement reached 129 percent in August, two committee delegates said on Saturday. Compliance with the agreed supply cuts was 109 percent in July, they said, as the Organization of the Petroleum Exporting Countries and its allies gather in Algiers to review adherence to the deal. Seeking to reverse a downturn in oil prices that began in 2014, OPEC, Russia and other allies decided in late 2016 to reduce supply. In June this year, however, after months of cutting by more than their pact had called for, they agreed to boost output by returning to 100 percent compliance. That equates to an increase of about 1 million barrels […]