The JMMC panel meets more frequently than the OPEC+ ministers and typically observes the most recent market developments and, if necessary, recommends a course of action to the ministerial meetings.
The JMMC meetings are currently being held every two months, with the previous taking place in early June.
When the panel meets again on August 1, the meeting is expected to be a routine one, and no recommendations on oil production policy other than the OPEC+ group has already announced are expected to be issued, according to Bloomberg’s anonymous sources among the OPEC+ delegates.
