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50th Meeting of the Joint Ministerial Monitoring Committee
The JMMC reviewed the crude oil production data for the months of July and August 2023 and noted the overall conformity for participating OPEC and non-OPEC countries of the Declaration of Cooperation (DoC). The committee urged all participating countries to achieve full conformity and adhere to the compensation mechanism. The committee reaffirmed the commitment of its member countries to the DoC which extends to the end of 2024 as agreed in the 35th OPEC and non-OPEC Ministerial Meeting (ONOMM) on 4th of June 2023. It also noted the adjustment for the frequency of the monthly meetings to become every two months for ... (full story)
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OPEC+ panel holds oil policy steady as Saudi keeps oil cuts - @reuters #OPEC #OOTT #oil #crude #russia #SaudiArabia
— Global Markets Forum (@ReutersGMF) October 4, 2023