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The Organization of the Petroleum Exporting Countries and its allies are committed to sustaining oil market stability beyond 2020 with global physical supplies currently relatively tight. OPEC Secretary-General Mohammad Barkindo said on Tuesday.
He added that compliance with production quotas among OPEC and its allies was at 136%.
The group “will do whatever in its power to ensure sustainability is maintained.“ he told the IHS CERA conference in New Delhi.
