OPEC Secretary General said that there is a remarkable improvement on the level of compliance.
OPEC Secretary General Mohammad Barkindo said on March 17 that compliance with a supply cut agreement between OPEC and non-OPEC members was improving, and that this would help the oil market to weather through the build up of oil inventories.
"There is a remarkable improvement on the level of compliance," Barkindo said."The market will weather through a possible rebuild of inventories, which is our focus of attention, and ensure that we have supply-demand balance through the quarters," he added. "We are super focused on this common objective."