{"id":14941,"date":"2025-07-29T06:15:55","date_gmt":"2025-07-29T06:15:55","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=14941"},"modified":"2025-07-29T08:48:38","modified_gmt":"2025-07-29T08:48:38","slug":"opec-monitoring-committee-holds-meeting-with-oil-minister-in-attendance","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/14941\/","title":{"rendered":"OPEC+ monitoring committee holds meeting with oil minister in attendance"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0The 61st meeting of the OPEC+ Joint Ministerial Monitoring Committee (JMMC) was held via video conference with the oil minister as the 2025 OPEC Conference president in attendance.<\/p>\n

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The committee convened Monday with Mohsen Paknejad participating. In the meeting, the OPEC Secretariat presented a brief report, projecting a positive outlook for the remainder of 2025 through 2026.<\/div>\n
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OPEC\u2019s latest monthly report forecasts global economic growth at 2.9% in 2025, rising to 3.1% in 2026. Oil demand growth is expected to reach about 1.3 million barrels per day in both 2025 and 2026. Low oil inventory levels also indicate healthy and balanced fundamental market conditions.<\/div>\n
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The committee reviewed member production levels for May and June 2025, noting OPEC+ members\u2019 strong compliance with output commitments aimed at ensuring oil market stability. It stressed the need for full adherence by all participating countries.<\/div>\n
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The OPEC+ ministerial committee, which serves as a monitoring body for the OPEC+ agreement, meets every two months and can recommend policy adjustments. These proposals are then discussed and approved at OPEC+ ministerial meetings attended by all members. The next committee meeting will be held on October 1.<\/div>\n<\/div>\n<\/div>\n
Updated on