Barkindo says compliance with oil supply pact very high

OPEC Secretary-General Mohammad Barkindo said on Friday that compliance with the global deal on oil output cuts is very high, Reuters reported.

Concerns that compliance with the deal between OPEC and non-OPEC countries would decrease after oil prices recover have not materialized, he told reporters in St Petersburg.

On the same day he said that OPEC began a discussion about easing production cuts following a critical tweet from US President Donald Trump.

“We pride ourselves as friends of the United States,” he told a panel with Saudi and Russian energy ministers in St. Petersburg at Russia’s main economic forum.

He also said it wasn’t unusual for the United States to put pressure on OPEC as some U.S. energy secretaries had called OPEC and asked to help lower prices in the past.