OPEC hits 149% compliance!

WOWZERS. OPEC hits 149% compliance on the back of Libya and Venezuela, and the most from the UAE. WTI and Brent still down massively -- over 2%.

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Can it really be called "compliance" if it is involuntary? 

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I think UAE's compliance was voluntary, wasn't it? I don't know that I guess but I can't think of any reason its production cuts would have been involuntary. They just haven't been complying all along though, so I'm not sure if this means they have overcomplied, or whether it just complied more than it has been.

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UAE's compliance was tied to maintenance. So that wasn't really voluntary either.

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