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OPEC secures output compliance pledges from 4 producers

AP  |  Dubai 

OPEC says a technical committee secured commitments from four producing countries to work to bring their production in line with previously agreed output targets. The organisation said in a statement late yesterday that the United Arab Emirates, Iraq, Kazakhstan and agreed to fully cooperate with committees charged with monitoring adherence to production targets with the aim of reaching "full conformity." The statement followed closed door talks with the countries and the technical committee that's ended yesterday in the Emirati capital of It did not specify how or when the countries might be required to adhere to targets agreed to by OPEC and other major producers outside the bloc.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 09 2017. 14:02 IST