OPEC Says Iraq, U.A.E, Kazakhstan Affirm Commitment to Cuts
- Producers meet in Abu Dhabi to discuss compliance with accord
- Nations express ‘full support’ for system to monitor output
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OPEC said Iraq, the United Arab Emirates and Kazakhstan -- who have lagged in their implementation of a deal to cut production -- affirmed their commitment to the accord at a meeting in Abu Dhabi.
“All expressed their full support” for the system to monitor the cutbacks “in order to achieve the goal of reaching full conformity,” OPEC said in a statement on its website. Malaysia also attended and made the same pledge.