Tuesday, May 1, 2007

OPEC Members Improved Compliance With Output Cuts in April, El-Badri Says

(Bloomberg) -- The Organization of Petroleum Exporting Countries, supplier of more than 40 percent of the world's crude oil, reduced its production in April, the group's secretary general, Abdalla el-Badri said.

The group's compliance with the output reduction set last year rose to 70 percent in April, from 65 percent in March, el- Badri said in an interview today in Riyadh, the capital of Saudi Arabia, where is attending a meeting of Asian energy ministers.


Read more at Bloomberg Energy News

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