HOUSTON, TEXAS (Editors at Energy Analytics Institute, 5.Apr.2025) — The 59th Meeting of the Joint Ministerial Monitoring Committee (JMMC), which took place via videoconference on 5 Apr. 2025, reviewed the crude oil production data for Jan.-Feb. 2025 and noted overall conformity for OPEC and non-OPEC countries participating in the Declaration of Cooperation (DoC).
During the meeting, the JMMC took into consideration additional voluntary production adjustments made by the 8 OPEC+ countries which were announced in Apr. 2023 and Nov. 2023 in supporting market stability, the Organization of the Petroleum Exporting Countries announced on 5 Apr. 2025 in an official statement.
The JMMC noted the “countries that did not achieve full conformity and compensation and reiterated the critical importance of achieving full conformity and compensation in addition to submitting updated front-loaded compensation plans to the OPEC Secretariat by 15 Apr. 2025.”
The JMMC also reaffirmed it will continue to monitor adherence to the production adjustments agreed at the 38th OPEC and non-OPEC Ministerial Meeting (ONOMM) held on 5 Dec. 2024 and the additional voluntary production adjustments announced by some participating OPEC and non-OPEC countries as agreed upon in the 52nd JMMC held on 1 Feb. 2024.
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By Editors at Energy Analytics Institute. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
