Saudi OilMin Al-Falih: OPEC, non-OPEC deal compliance in March reached 145%
|Reuters reports the following comments from the Saudi Arabian Energy Minister Al-Falih, as he speaks about the declining inventories and the OPEC output cuts deal compliance.
Oil inventories have steadily declined from their highs over last 15 months.
OPEC, non-OPEC output cuts deal compliance in March reached 145%.
Must attract capital in oil investments rather than target certain oil price.
Must strengthen OPEC, non-OPEC cooperation beyond current agreement.
Critical to restoring market confidence.
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