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Tuesday, 21 February 2017

Opec chief expects strong compliance on global supply cut

Opec chief expects strong compliance on global supply cut:

"Opec’s Secretary General has predicted greater compliance from the world’s biggest producers with a supply cut deal to curb excess inventories. Speaking at the annual International Petroleum Week conference in London, Mohammad Barkindo said: “All countries involved remain resolute in the determination to achieve a higher level of conformity.” Late last year Opec countries along with producers outside the cartel agreed to curb global supplies to ease a crude surplus and stabilise an oil price downturn. It was the first joint supply deal since 2001."



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