18 Mar 2019
All producers at JMMC to exceed voluntary output adjustments in coming months
The recently published OPEC+ JMMC statement read that all countries at JMMC said that they would exceed their voluntary output adjustments in coming months.
Key quotes (via Reuters)
- Recognized critical uncertainties in oil market.
- OPEC+ JMMC sees overall February output cuts conformity at 90%.
- Will hold next meeting in Jeddah in May.