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JMMC Recommends 2mn bpd Production Cut As Ministers Meeting Starts

OPEC+

Following on from the 1412BST OPEC+ bullet, it should be noted that the JMMC only issues recommendations on what oil production levels should be, rather than making the decision themselves.

  • The ministerial meeting taking place presently will decide on whether to implement the 2mn bpd cut in November.
  • However, it would be extremely unusual for the ministers meeting to disregard the recommendation of the JMMC.
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Following on from the 1412BST OPEC+ bullet, it should be noted that the JMMC only issues recommendations on what oil production levels should be, rather than making the decision themselves.

  • The ministerial meeting taking place presently will decide on whether to implement the 2mn bpd cut in November.
  • However, it would be extremely unusual for the ministers meeting to disregard the recommendation of the JMMC.