Impact of OPEC oil cuts will take time to be felt: IEA

OPEC countries are complying with a landmark deal to reduce a worldwide glut in oil, but it will take some time yet before the oil market feels the full impact of the reduction in output and prices stabilise, the International Energy Agency said on Wednesday."The implementation of the OPEC production agreement appears in February to have maintained the solid start seen in January, the IEA said in its latest monthly report."OPEC kept up robust adherence to its ... supply cut.