OPEC’s SecGen Barkindo: No reason to doubt Iraq will fully implement cuts

OPEC’s Secretary General Mohammed Barkindo crossed the wires now, via Reuters, sounding optimistic on compliance of the OPEC oil output cut deal.

Key Headlines:

No reason to doubt Iraq will fully implement cuts

Wants oil price that sustains investment in oil industry, but has no specific price objective in mind

Expects oil inventories to fall by Q2, says that is OPEC’s target