OPEC, non-OPEC countries decide to maintain last June’s resolution
Съжаляваме, тази публикация е налична само на Английски (Сащ) и Френски.
APS : Sunday, 23 September 2018
ALGIERS- Saudi Energy Minister Khalid al-Falih said that the 10th meeting of the JMMC held Sunday in Algiers has decided to maintain the resolution of last June’s OPEC-non-OPEC meeting in Vienna.
In a statement to the press at the end of the meeting, al Falih said that under the decision, the member countries will adhere to the overall conformity level of OPEC-12, down to 100%.
“In July, we get closer to 100%. But in August, we experienced a decrease caused by oil industry-related maintenance works in Kazakhstan,” he added.
In September and October 2018, “we are approaching 100% and the market is stable, as (the difference between) supply and demand has narrowed.”
In this regard, he said that the oil market stability was possible thanks to the OPEC-non-OPEC producing countries.
In 2019, the most important challenge is how to adapt to supply increase by member countries to maintain the market stability and prevent disturbance, said the Saudi minister.
The JMMC meeting in Algiers has been a “success at the levels of organization and decision-making.”
Категории
Последни публикации
- (English) Mr Attaf meets the United Nations Coordinator for the Middle East Peace Process
- (English) Minister Attaf holds talks with UNRWA Commissioner-General
- (English) Bilateral meeting between Mr Attaf and the special envoy of the Palestinian President
- (English) Algeria-NATO: Mr. Magramane receives Admiral Rob Bauer
- (English) Mr. Magramane receives the vice minister in charge of climate change at the South Korean Ministry of Foreign Affairs