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OPEC Secretary General says compliance not good

OPEC's compliance with production curbs is estimated to have dropped to around 50 percent.

September 14, 2010 12:44 by



OPEC’s compliance with agreed output limits is not good but oil prices are acceptable even though inventories are high, the group’s Secretary General Abdullah al-Badri said on Tuesday.

Speaking at a news conference to mark the 50th anniversary of the Organization of the Petroleum Exporting Countries, Badri declined to comment on what it would decide when it meets to reconsider output policy next month.

OPEC’s compliance with production curbs is estimated to have dropped to around 50 percent.

(reporting by Alex Lawler)



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