From Mazrouei:

  • Agreement will bridge differences between members

  • 100% compliance will return to stability

  • There is no individual country quota

This is such a confusing move. The communique sounds like a win for the countries that didn't want to produce anymore (because they can't) while in reality it looks like Saudi Arabia is going to pick up the slack for the countries that can't meet quotas.

Iraq's oil minister is trying to add some clarity, saying this will mean a 'practical addition' of 770K bpd.