OPEC Highlights Critical Importance of Safeguarding International Maritime Routes

AI Summary

The OPEC Joint Ministerial Monitoring Committee, including Saudi Arabia, Russia, and others, emphasized the significance of protecting international maritime routes to ensure energy market stability. The committee reaffirmed the Declaration of Cooperation's role during its 67th meeting held via videoconference.

The Joint Ministerial Monitoring Committee (JMMC), comprising Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Nigeria, Algeria and Venezuela holds its 67th Meeting via videoconference. The JMMC reviewed current market conditions and emphasized the essential role of the Declaration of Cooperation (DoC) in supporting the stability of global energy markets. In this context, the Committee highlighted the ...