Iran’s OPEC Governor: OPEC should stick to existing oil supply cut deal for rest of 2018.

Amid a dozen of headlines crossing the wires from the OPEC ministers, the latest one is from Iran’s OPEC Governor, Hossein Kazempour, noting that the OPEC and its allies should stick to existing oil supply cut deal for rest of 2018.

He further adds that the one way to resolve the situation is the return to 100% compliance.

His comments reaffirm Iran’s disagreement on the output hike, as proposed by Saudi Arabia and Russia.