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
