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Last Updated : Mar 17, 2019 04:31 PM IST | Source: Reuters

OPEC's Mohammad Barkindo says compliance with supply cut deal improving

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."

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First Published on Mar 17, 2019 04:20 pm

tags #OPEC #world

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