OPEC plans to publish this week the quotas for individual countries under the new OPEC/non-OPEC production cut deal agreed upon on December 7 and in force since January 1, an OPEC source told Russian news agency TASS on Monday. The publishing of the quotas for each country could help overcome the skepticism in the market regarding the resolve of OPEC and its allies to implement the decision made in early December, according to TASS’s source. During the current period of the cuts, until June 2019, OPEC and allies will remove a total of 1.195 million bpd off the market and keep production at 43.874 million bpd, according to TASS. OPEC will shave off 812,000 bpd, while the non-OPEC countries part of the deal will reduce their combined production by 383,000 bpd to 17.937 million. Russia will cut production by 230,000 bpd to 11.191 million bpd, taking most of the […]