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."Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.