OPEC says oil production cuts can slice deeper
The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) has reported that OPEC and non-OPEC countries are on the right track towards full conformity with their adjustments in production, but there is still room for improvement.
This emerged after the Joint OPEC-Non-OPEC Technical Committee (JTC) held its inaugural meeting on February 22 at the OPEC Secretariat in Vienna, where conformity with production level cuts featured high on the agenda.
The cuts decided on by OPEC in November...