OPEC and its partners delivered 109% of plegded oil supply curbs in July, OPEC said in a statement today.
"The OPEC and non-OPEC JMMC committe expressed its satisfaction with recent oil market fundamentals showing a good balance between supply and demand, considering seasonal factors," Reuters cited the statement as saying.
The next meeting of the JMMC on September 23 in Algeria will review the plan for monitoring market fundamentals and conformity for the rest of 2018, as well as the framework of cooperation to be established in 2019 and beyond.
