Aug 1, 12:31 PM

OPEC+ Monitoring Committee Meets August 1 to Discuss Iraq, Kazakhstan, Russia Compliance and Q4 2024, Q1 2025 Impact

The OPEC+ monitoring committee convened on August 1, 2024, to discuss compliance and production levels among member states. Key discussions included assurances from Iraq, Kazakhstan, and Russia regarding their commitment to achieve full conformity with production targets. These countries also submitted compensation plans for overproduced volumes since January 2024. The committee emphasized the significance of these developments for the oil market, particularly for the fourth quarter of 2024 and the first quarter of 2025. The next meeting of the Joint Ministerial Monitoring Committee (JMMC) is scheduled for October 2, 2024.

#Iraq #Kazakhstan #Russia #Joint Ministerial Monitoring Committee #JMMC

Written with ChatGPT (GPT-4o mini).

Sources

Giovanni Staunovo🛢@staunovo
2 years ago
#OPEC+: This was an important part of the last JMMC meeting - compensation cuts and the assurance of full conformity to comply by the three member states #oott https://t.co/QBOLyRuW3T
Anas Alhajji@anasalhajji
2 years ago
The OPEC+ JMMC meeting today was SIGNIFICANT on two fronts and their impact on Q4 this year and Q1 2025 is also SIGNIFICANT. Will cover this in a Space soon. Details: https://t.co/JwOe5eWqBb #OPEC #Oil https://t.co/VsDaMJsWIF
Giovanni Staunovo🛢@staunovo
2 years ago
#OPEC+: The next meeting of the JMMC (56th) is scheduled for 02 October 2024. #oott https://t.co/34ydkVAIqx

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OPEC+ Monitoring Committee Meets August 1 to Discuss Iraq, Kazakhstan, Russia Compliance and Q4 2024, Q1 2025 Impact

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