OPEC needs total compliance to existing supply curbs before talking about a further reduction, Qatar’s oil minister said.
Ministers are due to hold a policy meeting on Sunday and some members have already called for deeper reductions to revive prices.
“We cannot discuss another cut until we see the compliance at 100 per cent,” said Abdullah al Attiyah, the Qatari oil minister, at an industry conference in Doha. “The first step is to make sure we see full compliance.”
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