ALSO READMeeting of OPEC, non-OPEC monitoring committee proposed for January 13 in Abu Dhabi - sources OPEC secretary-general expects oil inventories to fall by Q2 OPEC chief confident in commitment, enthusiasm for output cut deal Oil prices dip, but Abu Dhabi supply cut curbs losses Oil prices firm as Abu Dhabi cuts exports amid soaring Asian demand
ABU DHABI (Reuters) - Kuwait's oil minister Essam al-Marzouq said on Thursday he expected a global pact to cut oil supplies to be extended beyond June, supported by higher compliance from non-OPEC producers.
"We have a noticeable increase in compliance from non-OPEC which shows the importance of extending the agreement," Marzouq told an industry event with other Gulf oil ministers including Saudi Arabia's energy minister Khalid al-Falih in Abu Dhabi.
"I expect we will have an extension of the agreement," he said, adding that talks among all oil producers were ongoing.
(Reporting by OPEC team)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)