Nearly a dozen other countries pledged an additional 558,000-barrel cut."He made the comments on Thursday during the Atlantic Council39;s Global Energy Forum in Abu Dhabi.Crude oil sold for over $100 a barrel in the summer of 2014, before bottoming out below $30 a barrel in January 2016."He added that there39;s been "a high level of compliance...end-ofTags: opec, oil production, oil output, oil glut.Abu Dhabi: The head of OPEC says he remains "confident" that the cartel and outside members will stick to an agreement to cut production to help boost oil prices.
OPEC agreed in late November to cut its production by 1.OPEC Secretary-General Mohammad Sanusi Barkindo of China Wood plastic crust foam screw barrel Factory Nigeria says that the "level of commitment from both sides .Nearly dozen other countries pledged an additional 558,000-barrel cut in oil output.Crude oil sold for over $100 a barrel in summer of 2014, before bottoming out below $30 a barrel in Jan 2016.2 million barrels a day, the first reduction agreed to by the cartel since 2008.