The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) plans to meet in Abu Dhabi, UAE, to discuss the compliance of oil producers, obliged to cut production, News.az reported.
According to the latest OPEC’s assessment, the participating OPEC and Non-OPEC producing countries achieved a conformity level of 98% in June 2017.
OPEC and some other oil producers, like Russia have committed to cut oil production by about 1.8 mb/d from January 2017 to March 2018.
