submitted about 1 year ago by uzong
- The 38th meeting of the Joint Ministerial Monitoring Committee of the Organisation of the Petroleum Exporting Countries discussed strategies for stabilizing the global oil market, emphasizing the commitment to cooperation among OPEC and non-OPEC member countries.
- Key outcomes included reaffirming crude oil production adjustments until December 31, 2026, with a focus on conformity with production levels and implementing a compensation mechanism for market equilibrium, aiming to help Nigeria achieve its 2025 production target while supporting global energy security.
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