Energy Minister: OPEC+ fulfills oil production cut obligation by 90%

13:17 - 18 March 2019

March 18, Fineko/ The OPEC+ countries have fulfilled their obligations on oil production cuts by 90%.

At a press conference within the 13th Ministerial Meeting of the OPEC+ Joint Monitoring Committee, Minister of Energy, Industry & Natural Resources Khaled Abdul Aziz al-Falih of Saudi Arabia, stated that the countries that have not fulfilled their obligations will soon follow those promises.

"Although the confidence to the market has gradually recovered, there is yet remained to realize a lot of works, including to continue monitoring," the minister said.