OPEC and its partners will fulfill their implementation of a deal to cut output, having already announced 60 to 70 percent of the promised curbs, Kuwait said. Countries including Saudi Arabia, the United Arab Emirates, Russia, Kuwait, Qatar and Iraq have announced cutbacks that account for the bulk of the deal reached last year, Kuwaiti Oil Minister Essam Al-Marzouk said Monday. Full implementation won’t be immediate, but rather a “process” carried out in the coming six months, according to the minister, who is chairing the committee to oversee compliance with the accord. “We are very confident that the remaining countries will abide by the cuts,” Al Marzouk said at a press conference with OPEC Secretary-General Mohammad Barkindo. “We expect there will be a large degree of compliance especially because the rise in oil prices proved the importance of compliance.” The Organization of Petroleum Exporting Countries and 11 other producers […]