Opec compliance with output cuts rises to 94% in February
Saudi Arabia is well above target, compensating again for the weaker adherence of other members
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London
OPEC has cut its oil output for a second month in February, a Reuters survey found on Tuesday, allowing the exporter group to boost already strong compliance with agreed supply curbs on the back of a steep reduction by Saudi Arabia.
The Organization of the Petroleum Exporting Countries is cutting its output by about 1.2 million barrels per day (bpd) from Jan 1 - the first such deal since 2008 to get rid of a glut.
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