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OIL: The extraordinary session taking place in Abu Dhabi Monday and Tuesday
between the Joint OPEC/non_OPEC Technical Committee (JTC) and representatives of
the producing countries that participate in the Declaration of Cooperation
(production cuts) has concluded. "The objective of the meetings was to discuss
conformity with the voluntary production adjustments outlined in the extension
of the Declaration, which became effective on 1 July 2017," OPEC said in a
statement.  The OPEC said "participating countries remain steadfast in their
commitment to fulfil" the production cut agreement. "The UAE, Iraq, Kazakhstan,
and Malaysia all expressed their full support for the existing monitoring
mechanism and their willingness to fully cooperate with the JTC and JMMC in the
months ahead in order to achieve the goal of reaching full conformity," OPEC
said. Crude, while off earlier highs, has been underpinned by the prospects of
improved compliance.