The Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ group wrapped up their monthly meeting on Wednesday in record time and, as widely expected, did not make any recommendation about changing the oil production levels of the alliance. The JMMC meeting this month was more of a formality rather than disagreements and bargaining like the previous meeting since OPEC+ decided in January how it would proceed with the production cuts for February and March.
This month, the OPEC+ alliance is easing its production cuts by just 75,000 barrels…Oil Prices Rally As OPEC+ Maintains Its Production Policy
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