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Focus on balanced oil market, supply security: JMMCOpec’s Joint Ministerial Monitoring Committee (JMMC) reaffirmed its commitment to achieving a balanced market and working towards oil market stability on a sustainable basis with solid fundamentals at its 14th meeting in Jeddah, Saudi Arab More… |
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Compliance with oil production cuts improving: JMMCThe Joint Ministerial Monitoring Committee (JMMC) of oil producers that convened in Baku, the Republic of Azerbaijan on Monday reported a sizable improvement in compliance with production cuts implemented at the start of this year. More… |
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Opec+ oil output cut deal compliance at 129pcThe compliance of Opec and non-cartel producers with the Vienna oil output deal reached 129 per cent in August, a media report said, citing an announcement by the Joint Opec-non-Opec Ministerial Monitoring Committee (JMMC) following its tenth me More… |
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Opec commends UAE compliance with output goalsOpec has commended the UAE’s commitment to adhere to its production adjustments for "the remaining period of the Declaration of Cooperation”, a report said. The Declaration was made at the joint Opec-Non-Opec Prod More… |
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Oil to stay between $50-55 in H2, 2018: BarclaysBrent prices are likely to stay in the $50-55 range in the second half of 2017 and to average in the same range in 2018, said Barclays in its latest Oil Instant Insight. Despite the statements in the communiqué of More… |
