OPEC compliance in Jan was over 90% says Barkindo

Reuters with comments from the OPEC Sec Gen

  • Expects to see further drops in OPEC oil inventories in 2017

  • Will continue to focus on bringing OECD oil inventories closer to the 5 year industry average

The last we heard, compliance was around 92-93%, with non-OPEC lagging behind at around 50%.

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