Output cut monitoring meeting in Feb or March

DUBAI: Kuwait will request that an OPEC committee responsible for monitoring compliance with a global oil output reduction agreement meet in February or March next year, acting oil minister Anas Al-Saleh said yesterday. “In my capacity... as head of the committee... I will call for a meeting of the first Monitoring Committee to take place in February or March 2017,” Saleh said in a statement. “We will soon inform (our) customers that we will incorporate and apply a cut to their monthly contractual commitments and liftings in accordance with OPEC’s recent agreement,” Saleh said.