OPEC+ Joint Ministerial Monitoring Committee Stresses Importance of Full Compliance with Production Targets

The OPEC+ Joint Ministerial Monitoring Committee (JMMC) concluded its meeting to review compliance with production agreements, stressing the importance of full compliance with production targets.

It also emphasized the continued monitoring of compliance with the production adjustments agreed upon at the 38th OPEC and non-OPEC Ministerial Meeting in December of last year, as well as additional voluntary production adjustments announced by participating OPEC and non-OPEC countries.

It was agreed that the next meeting of the JMMC will be held on October 1.