The report states that oil prices were already at US$100.
Global benchmark Brentcrude dropped more than one per cent before recovering to trade 1.73 per cent higher at $47.69 per barrel.
Brent crude oil futures went up 0.17 dollar or 0.36 percent to close at USD 46.88 a barrel at NYMEX.
"It is too early to discuss deeper output cuts by OPEC/non-OPEC producers participating in the agreement to curb production".
OPEC is scheduled to publish the assessment of June output based on secondary sources in its monthly oil market report on Wednesday.
West Texas Intermediate for August delivery rose 8 cents to US$44.48 a barrel at 9.58am on the New York Mercantile Exchange. Libya's crude-oil output has surged to over 1 mln barrels per day, up from 400,000 in October, while Nigeria's output has risen to 1.6 mln barrels per day, up 200,000 barrels per day since October, the newspaper wrote.
SSP Sajid Khan Mohmand martyred in Chaman blast
District Police Officer Killa Abdullah Sajid Mohmand, who was critically wounded in the blast, later succumbed to his injuries. Chaman DPO SSP Sajid Khan Mohmand was killed on Monday as his convoy came under attack at Eidgah Chowk area of the district.
Abdulsamad al-Awadh, the former Kuwait envoy to OPEC, told Bloomberg News that other OPEC producers would have to make concessions for Libya and Nigeria as it's unlikely the two exempt countries would agree to scale back.
The production-cut agreement has had little impact on global inventory levels due to rising supply from producers not participating in the accord, such as Libya and Nigeria, and a relentless increase in USA shale oil output.
"There has been some talk about Nigeria and Libya having to fall in line with the rest of Opec members, but right now those counties want to take care of their own needs first", said David Madden, market analyst at CMC Markets.
The two countries' combined output is now some 380,000 barrels per day above October levels, the month which OPEC used as a benchmark to base its production cuts.
The prices for crude oil are about 18% below in their 2017 opening levels despite a deal led by the OPEC to slash production from January.
"The simple truth is that OPEC and Russian Federation have to contend with the fact that there is output growth elsewhere diluting their efforts at reducing supply", Tchilinguirian said. "Deepening the reductions under the current agreement is not on the agenda", Almarzooq said.
Three-times podium finisher Nairo Quintana of Colombia also struggled, losing 1:15 to Froome and his group. I've just seen the images of Richie Porte's crash and that leaves you with a disgusting feeling.
Now, the EU-Japan pact underscores the economic risks for the United States if it's bypassed in global economic pacts. As such, the Trump administration still has plenty of time to think about the subject of steel imports.
Kylie has so far stayed quiet after brother Rob posted nude snaps of wife Blac Chyna in online revenge posts. Rob Kardashian had accused her on Twitter of not respecting herself and having slept with "20 guys".
Notorious BIG's mother, Voletta Wallace , decried the T-shirts as "disgusting", "disrespectful", and "exploitation at its worst". Following the controversy, the brunette beauties posted an apology on their social media accounts.
He added: "The auto was good but it was a bit messy, qualifying , but I'm happy to start third and i think the vehicle is fine". In the championship standings, four-time champion Vettel leads three-time champion Hamilton by 14 points after eight races .
According to the reports, the Pak Army targeted Indian posts and villages in Chakka da bagh and Kharri Karmara areas. FO South Asia Director General Dr Faisal presented charge-sheet to the deputy high commissioner today.
Actor Shia LaBeouf has been released from a Georgia jail after posting US$7,000 bond on charges of public drunkenness . LaBeouf was charged at the time with one count of criminal trespassing and two counts of disorderly conduct.
Today, you're also paying an average of $2.31 a gallon to fill up your gas tank if you're in the Indianapolis or central in area. For the first time in over a month, the gasoline prices across the country are rising, likely because of an increase in demand.
A woman who called 911 was sitting in her auto outside her house when she saw two men enter the home where the shooting unfolded. The other victims are being treated at the University of Cincinnati Medical Center and Cincinnati Children's Hospital.
Iraqi soldiers celebrated in the streets of Mosul after the army said they had all but taken the city from ISIL. The major city in the country Mosul is of equal strategic importance to both the arabs and kurds.
Takata Recalling Another 2.7 Million Faulty Airbags
An autopsy found that the cause of death were the metal and plastic fragments that cut her neck from the ruptured air bag. Honda said the hammer triggered the activation of the air bag inflator, which ruptured as the bag was being deployed.
N leadership rejects JIT report as 'garbage'
The report, spread over 10 volumes, was brought in two cartons which were carried on a trolley into the apex court. Meanwhile, Sharif's rival Imran told the media that the PML-N chief should resign as prime minister.
Santa Barbara County blaze forces evacuations
The blaze was growing "at an extreme rate of spread", Cal Fire San Luis Obispo County spokesman Chris Elms said. Sunday's temperatures will approach 95 degrees Fahrenheit, forecasters said, with little chance of rain.
Celtics make deal to send Bradley to Detroit, ESPN reports
It is certainly not enough to put them over the edge to beat the Cleveland Cavaliers, but it's a small step forward. Either way, whether you agree with it or not-Bradley is being traded and fans will have to see how it all plays out.
SC inmate used drone, makeshift dummy to escape prison
In 2005, Causey and another inmate escaped from a prison in Columbia in a garbage truck and were captured three days later. He reportedly escaped around 8 p.m. local time on July 4, but was only discovered missing the next day at 2 p.m.
Firefighters battle 4-alarm structure fire in Oakland
Due to its instability, everyone within a three-block radius of the construction site was evacuated, according to fire officials. A crane that towers over the site is spinning around the top of the burning building, forcing crews to back away.