OPEC supply cut compliance hits record, oil glut going fast

• by Reuters
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Compliance with a global deal to cut oil supply hit a new high in February and an inventory glut is shrinking fast, a joint OPEC and non-OPEC committee said, bringing producers close to the pact’s original aim. OPEC and its allies achieved 138 percent of pledged output reductions last month, OPEC said, up from 133 […]