Radical OPEC Members Cheat the Most

The most most radical members of OPEC are cheating on quotas.

Brothers Hahmoud and Hugo.
MEMRI Blog reported:

OPEC boosted production last month by about 1 million barrels a day for a total of 25.812 million b/d, in violation of supply cuts approved by the cartel to stem falling prices.

Iran, Angola, and Venezuela exceeded their quotas most. Iran pumped 3.75 million b/d last month, more than 400,000 b/d above its official ceiling of 3.336 million b/d. Venezuela exceeded its official ceiling by about 165,000 b/d.

[In other words, the two most radical members of OPEC that often call for production cuts account for 58% of the excess production.]

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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