OPEC+ panel reiterates call for adherence to production quotas
In a statement released Monday, the committee emphasized the importance of meeting output targets and requested that noncompliant nations provide the OPEC Secretariat with updated compensation plans by August 18.
During its 61st meeting, which took place via videoconference, the JMMC reviewed the crude oil production data for the months of May and June 2025 and noted the overall conformity for OPEC and non-OPEC countries participating in the Declaration of Cooperation (DoC), also known as OPEC+.
The committee's meeting comes ahead of a separate meeting of eight members of the alliance next Sunday to decide on a potential increase in oil production in September.
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