OPEC-JMMC Meetings
Monitor pivotal OPEC-JMMC Meetings, shaping global oil production and impacting energy markets.
Overview
The OPEC-JMMC meetings are attended by delegates from 12 OPEC countries and 11 additional oil-rich nations. They address various topics concerning energy markets and, crucially, decide on oil production levels. Although these meetings are not open to the media, officials typically engage with reporters throughout the day. A formal statement summarizing policy changes and meeting objectives is issued after the meetings conclude. The group's first gathering took place in January 2017.
Key Information
What it Measures
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Usual Effect
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Source & Frequency
OPEC (latest release) - https://www.opec.org/ • Occurs every two months
How Data is Derived
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Also Known As
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Acronym
The Organization of Petroleum Exporting Countries (OPEC), Joint Ministerial Monitoring Committee (JMMC)