OPEC Records More Compliance On Supply Cut Deal – Barkindo

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Aerial view of Nigeria Liquefied Natural Gas (NLNG) plant at Bonny Island in Rivers State on March 22, 2013. AFP PHOTO / PIUS UTOMI EKPEI

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 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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