Actually, he didn't say it, he's showing slide that say it to a conference he's at
Oil inventories are declining and floating storage volumes are falling too
Goal in deal is 100% compliance
Need to see oil tocks fall closer to 5 year average
Earlier, Iraq said they had reached 97% compliance. They also had a little moan up;
OPEC led cut is gradually leading to a long awaited rebalancing
Is fully committed to OPEC and is in full compliance
We are going to be aligned with any OPEC or collective decision at the 25th May meeting
Deal does not mean countries should halt efforts to develop their oil industries
Iraq should not have been asked to cut its own production under the 2016 deal
Is ready o satisfy any additional demand when the supply glut is gone
Lastly, Angola say they are implementing more than 100% of their OPEC cut.
