RE: Best app for live prices28 Jul 2025 10:13
Statement on the upcoming JMMC meeting
In light of recent media reports regarding the upcoming JMMC meeting, the OPEC Secretariat clarifies that the Committee, scheduled to convene on 28 July, does not hold decision-making authority over production levels. Its role is limited to monitoring conformity with production adjustments and reviewing overall market conditions.
Claims linking the JMMC meeting to output changes or voluntary adjustments by the “Group of Eight” are innacurate, and fall outside its mandate.
The Secretariat urges accurate reporting to prevent market confusion and speculation.
6:36 pm · 25 Jul 2025
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