OPEC Ministerial Meetings Rescheduled
Date
11/28/2024 5:12:35 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 28. The 57th Joint
Ministerial Monitoring Committee (JMMC) Meeting and the 38th OPEC
and non-OPEC Ministerial Meeting (ONOMM), have been postponed to
December 5, 2024, Trend reports.
The decision to reschedule follows the announcement that several
key ministers will be attending the 45th Gulf Summit in Kuwait
City, Kuwait, on 1 December.
The event was originally scheduled for December 1, 2024.
JMMC last met on October 2, 2024, where they reviewed crude oil
production data for July and August 2024, as well as the current
market conditions.
During the meeting, Iraq, Kazakhstan, and Russia confirmed that
they had fully complied with and compensated for their production
targets as outlined in the September schedules. The three countries
reaffirmed their commitment to maintaining full conformity and
compensation for the duration of the agreement.
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