With glut almost gone, OPEC still cuts more than oil pact demands
The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria September 21, 2017. REUTERS/Leonhard Foeger/File Photo/ LONDON (Reuters) - A global oil glut has been virtually eliminated, figures published by OPEC showed on Monday, thanks to an OPEC-led pact to cut supplies that has been in place since January 2017 and due to rising global demand. Despite this, OPEC's latest report said producers were cutting more than required under the deal, while producers not party to the ...
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