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4

4

t h

M e e t i n g o f t h e J o i n t M i n i s t e r i a l M o n i t o r i n g C o m m i t t e e

4

th

Meeting of the Joint Ministerial Monitoring Committee in St Petersburg, Russia

JMMC confident oil market

is steadily moving towards

rebalancing

The 24 participating oil producing countries (13 from OPEC, 11 non-

OPEC) of the ‘Declaration of Cooperation’ converged on Russia’s

cultural capital of St Petersburg on July 24, 2017, for the 4

th

Meeting

of the Joint OPEC-non-OPEC Ministerial Monitoring Committee

(JMMC). The

OPEC Bulletin’s

Scott Laury reports.

On the panel (l–r): Khalid A Al-Falih, President of the OPEC Conference and Minister of Energy, Industry & Mineral

Resources, Saudi Arabia; Alexander Novak, Minister of Energy, Russian Federation; Issam A Almarzooq, Minister of Oil

and Minister of Electricity and Water, Kuwait; and Mohammad Sanusi Barkindo, OPEC Secretary General.

OPEC bulletin 8–9/17

C o n f e r e n c e N o t e s