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OPEC countries agreed with exterior independent producers, including Russia, to reduce their product around 1.8 million barrels per day for six months starting from January. (File photo)

February 8th, 2017 - 11:00 GMT

Oil production cut compliance rate hits highest level in history of OPEC

Five surveys of OPEC outcome in January revealed that OPEC abided by the agreement of which the least compliance percentage reached a record 82 percent.