OPEC+ Leaves Current Output Cut Policy Unchanged at JMMC

The OPEC+ joint ministerial monitoring committee meeting (JMMC) concluded on Wednesday, with the ministers refraining from making any changes to production policy, maintaining the plan to start raising output in December. "The JMMC emphasized the critical importance of achieving full conformity and compensation. Furthermore, the Committee will continuously assess market conditions,” OPEC said in a post-meeting statement. Once again, ministers cautioned cartel members who continue to produce above quota. Earlier on Wednesday,...