Greater compliance expected after recent OPEC meetings
The Organisation of Petroleum Exporting Countries (OPEC) says it expects members and non-members to comply with oil production cuts after a meeting in Abu Dhabi on Tuesday.
The UAE said it would continue its commitment to the deal.
Iraq has also vowed to cut output after it’s been found to be overproducing.
Other countries present were Kuwait, Saudi Arabia, Russia and Malaysia.
Amina Bakr, Senior Correspondent at Energy Intelligence Group, told ARN that Saudi Arabia wants to keep this deal going and what the expectations are for future oil prices.