OPEC meeting (JMMC) coming up this week ...Middle East

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The OPEC+ meeting of the Joint Ministerial Monitoring Committee (JMMC) will be held via videoconference on Thursday. The JMMC's primary role is to monitor compliance with production agreements among OPEC+ members and assess market conditions. This includes reviewing monthly production levels, ensuring that member countries adhere to agreed production cuts or increases, and making recommendations to the broader OPEC+ group on adjustments to production targets.It conducts a review of the oil markets every two months and has the authority to call for a full OPEC+ meeting if it decides one is needed. Expectations are that the JMMC will not find any reason to call for a full OPEC+ meeting, nor to

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