OPEC+ Panel To Discuss Compliance With Oil Production Cuts

An OPEC+ monitoring panel will meet next week to discuss the ongoing record production cuts to see how laggards in compliance are doing with making up for flouting quotas, but will not be making any decisions regarding the collective cut that was just extended through the end of July, five OPEC+ sources told Reuters on Friday. The Joint Ministerial Monitoring Committee (JMMC), which includes members of OPEC and of the non-OPEC group of nations part of the deal, is meeting on Thursday, June 18, as part of a schedule of monthly meetings until the…