JMMC Reaffirms Commitment to Full Conformity
The 24th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Tuesday, 17 November 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE Alexander Novak, Deputy Prime Minister of the Russian Federation. The Committee reviewed the …
JMMC Priority is Full Conformity by all DoC Members
The 23rd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Monday, 19 October 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation. The Committee expressed its …
JMMC Focuses on Market Stability and Full Conformity
The 22nd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Thursday 17 September 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation. The Committee reviewed the monthly …
JMMC Reiterates the Importance of Attaining Full Conformity for Market Stability
The 21st Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Wednesday 19 August 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation. The Committee reviewed the …
JMMC Sees Improving Market Conditions and Conformity Levels
The 20th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Wednesday, 15 July 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation. The Committee reviewed the monthly report prepared …
Market Rebalancing, Full Commitment to Conformity Remains the Focus – JMMC
The 19th Joint Ministerial Monitoring Committee (JMMC) was held via videoconference, on Thursday, 18 June 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation. The Committee reviewed the monthly report prepared by the Joint Technical Committee(JTC) and recent …
JMMC Reiterated the Critical Value of Commitment to Maintain Market Stability at Times of Uncertainties
The Joint Ministerial Monitoring Committee (JMMC) has reviewed the monthly report prepared by its Joint Technical Committee (JTC) and recent developments in the global oil market, as well as near-term prospects in 2019 and 2020. The Joint Ministerial Monitoring Committee (JMMC) has reviewed the monthly report prepared by its Joint …
A Balanced Oil Market Remains Our Focus – JMMC
Following its 14th Meeting, which took place on 19 May 2019, in Jeddah, the Kingdom of Saudi Arabia, the Joint Ministerial Monitoring Committee (JMMC) has reaffirmed its commitment to achieving a balanced market and working towards oil market stability on a sustainable basis with solid fundamentals. The JMMC expressed its satisfaction regarding the critical …
JMMC Reports Steady and Robust Performance
The Joint Ministerial Monitoring Committee (JMMC) has expressed its utmost satisfaction with the steady and robust achievements of the two-year old ‘Declaration of Cooperation’ between OPEC and participating non-OPEC oil producing countries. The JMMC noted that countries participating in the ‘Declaration of Cooperation’ achieved an overall conformity level in November …