25 October 2018, London — OPEC and non-OPEC oil producers, which agreed to relax oil supply curbs in June, may need to change course because of rising oil inventories and economic uncertainties, a ministerial panel said on Thursday.
The Joint Ministerial Monitoring Committee reviewed the monthly report prepared by its Joint Technical Committee, which found countries complied with 111 percent of pledged supply curbs in September.
“The committee expressed overall satisfaction with the collective performance of member countries in the month of September,” the statement said.
“The committee, however, expressed concerns about rising inventories in recent weeks and also noted looming macroeconomic uncertainties which may require changing course.”
*Alex Lawler; Editing: David Goodman – Reuters