September 21, 2017 / 11:59 AM / 4 months ago

Compliance with oil output reduction pact 'very good': Kuwait

VIENNA (Reuters) - Kuwaiti Oil Minister Essam al-Marzouq said on Thursday that compliance with OPEC-led oil output cuts was “very good” and above 100 percent.

“It is very good, better than last month,” he said.

He also said that oil ministers were not yet discussing extending a deal which currently calls for producers to reduce output by 1.8 million barrels per day until March 2018.

Reporting by Alex Lawler; editing by Jason Neely

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