Tuesday, June 16, 2026

OPEC/Non-OPEC Producer Group Hits Highest Conformity Level

At the OPEC/Non-OPEC April 20 meeting of the Joint Ministerial Monitoring Committee (JMMC), the committee reported that the producer group hit a conformity level of 149% for production cuts in March. OPEC said the 24 cooperating producers agreed to make voluntary adjustments in total production of around 1.8 million barrels per day. On November 30, 2017, the committee extended the agreement