The Technical Committee of the OPEC+ group has dropped the International Energy Agency as a secondary source of member oil production data in favor of Norwegian consultancy Rystad and Wood Mackenzie. This is according to a report by Reuters that spoke to an OPEC+ insider familiar with the group’s actions. The decision to switch from the IEA to Rystad and Wood Mackenzie was made after a thorough analysis, the source said. Production data from secondary sources is essential for OPEC before and OPEC+ now to make sure all member countries of…
