economy Since 2017-04-19 at 16:58 (Baghdad time)
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(Reuters) - All oil producers involved in the cut-off deal are committed to reducing world stocks to an average of five years and restoring market stability, OPEC Secretary-General Mohamed Barkindo said on Wednesday.
Barkindo, speaking in the United Arab Emirates, said the March data showed a better commitment by oil producers than in February.
The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers agreed in December to cut production for six months to help raise crude prices to about $ 55 a barrel after two years of falling prices.
OPEC will review its policy for the second half of this year at a meeting on May 25, which ended on 29 January