-
Opec+ JMMC sees no need for change to output policy
The Opec+ Joint Ministerial Monitoring Committee (JMMC) recommended no changes to the alliance's output policy when it met today, but underlined again its readiness to take action at short notice should market dynamics require. "The committee reaffirmed the commitment of its member countries to the Declaration of Cooperation (DoC) which extends to the end of 2024," the Opec secretariat said at the meeting's conclusion. The technical group bringing together the ministers of key Opec+ producers, including Saudi Arabia and Russia, met against a backdrop of sliding prices, likely due to signs of continued ... (full story)