UPSTREAMONLINE.COM
Oil prices rose more than 1% on Friday after the International Energy Agency (IEA) reported record initial compliance by Opec members implementing last year's landmark deal to curb output in an effort to prop up global oil prices. Members of Opec made production cuts in January equating to 90% of the agreed volumes, a record high for the first month of implementation for such deals, the IEA said in a report.
Read more>
Oil prices rose more than 1% on Friday after the International Energy Agency (IEA) reported record initial compliance by Opec members implementing last year's landmark deal to curb output in an effort to prop up global oil prices. Members of Opec made production cuts in January equating to 90% of the agreed volumes, a record high for the first month of implementation for such deals, the IEA said in a report.
Read more>