Alexander Novak held the 62nd meeting of the joint ministerial monitoring committee of OPEC countries+
The deputy chairman of the Russian government, Alexander Novak, as a co-chairman, held the 62nd meeting of the joint ministerial monitoring committee of OPEC+ in a video conference mode.
The parties considered data on raw oil for July and August 2025 and noted a high level of compliance with obligations by OPEC and non-mohlings participating in the cooperation declaration.
The meeting participants confirmed the importance of compliance with the agreements within the framework of the OPEC+transaction, as well as the achievement of full compliance with quotas and oil production compliance.
The joint ministerial monitoring committee retains the right to convene additional meetings or request a ministerial meeting of OPEC and non-Opk, as established during the 38th ministerial meeting held on December 5, 2024.
Monitoring of compliance with production adjustments adopted at the 38th ministerial meeting of OPEC countries and countries that are not included in OPEC, and additional voluntary production adjustments declared by a group of eight OPEC+countries will continue.
The next, 63rd meeting of the joint ministerial monitoring committee is scheduled for November 30, 2025.