UAE confident that Opec+ laggards will meet oil cut commitments

DUBAI: The energy minister of the United Arab Emirates said on Monday he was confident OPEC+ countries with poor compliance to agreed cuts would meet their commitments and said there were signs that oil demand was picking up as some nations eased lockdowns.

OPEC, Russia and allies, known as OPEC+, agreed this month to extend production cuts of 9.7 million barrels per day until the end of July. They also demanded that those that had not complied so far made up by making extra cuts later.