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OPEC+ Committee Makes No Policy Recommendation Ahead of August Meeting

OPEC+ Committee Makes No Policy Recommendation Ahead of August Meeting

An OPEC+ ministerial committee made no recommendations for the group to change its oil-output policy as key members prepare to discuss September production levels later this week.
The monitoring committee—which usually meets every two months—said Monday that it will continue to monitor adherence to production adjustments and requested countries that didn't achieve full conformity to submit updated compensation plans to the OPEC Secretariat by Aug. 18.
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