(MENAFN) Oil Minister of Kuwait declared Wednesday that since January, the compliance of OPEC and independent producers with oil output cuts in force arrived at a record level of 122% in the past month.
News agency KUNA cited Bakheet al-Rasheedi stating "I am pleased to announce that November conformity is the highest since the beginning of implementation of the agreement in January. It has reached 122 percent."
He further added "this is a strong signal to the oil market that OPEC and non-OPEC members participating are committed to the success of this agreement and are willing to do everything possible to restore the oil market balance."
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