The Joint Ministerial Monitoring Committee (JMMC) of OPEC+ affirmed on Friday the current levels of oil production of the group and didn’t make any recommendation to change the output at this time. In a very short meeting, as expected, the JMMC panel, which regularly discusses the situation on the market and the need for OPEC+ intervention, rubberstamped the OPEC+ decisions from June 4, when the current cuts – initially set for May through December 2023 – were extended to the end of 2024. …
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