OPEC CUTS 140%
AOG - Compliance of the Organisation of the Petroleum Exporting Countries (OPEC) with an oil output cut exceeded a target, standing at 140% in February, while non-OPEC producers' compliance was 50%-60%, Kuwaiti Minister of Oil, Water and Electricity Essam Al¬ Marzouq said.
He attributed OPEC's compliance to deep production cuts by Saudi Arabia, a voluntary act aimed at increasing confidence in the output reduction agreement reached in late 2016.
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