OPEC+ Panel Not Expected to Propose Changes to Oil Output Policy ...Middle East

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OPEC+ Panel Not Expected to Propose Changes to Oil Output Policy
source : OILPRICE ( Middle East ) () 23
The Joint Ministerial Monitoring Committee (JMMC), the OPEC+ panel monitoring the oil market, is not expected to recommend in August any changes to the current production policy plan of the group, OPEC+ delegates told Bloomberg on Thursday.    The JMMC panel meets more frequently than the OPEC+ ministers and typically observes the most recent market developments and, if necessary, recommends a course of action to the ministerial meetings. The JMMC meetings are currently being held every two months, with the previous taking place…

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