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OPEC’s Barkindo says compliance with supply cut deal improving

Isaac UmunnaComment(0)

OPEC Secretary General Mohammad Barkindo said on Sunday 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 buildup 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.” Reuters

Pix: OPEC Secretary General Mohammad Barkindo

Isaac Umunna

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