Translation. Region: Russian Federal
Source: Government of the Russian Federation – Government of the Russian Federation –
An important disclaimer is at the bottom of this article.
Alexander Novak chaired the 62nd meeting of the OPEC Joint Ministerial Monitoring Committee.
Deputy Prime Minister of Russia Alexander Novak, as co-chairman, chaired the 62nd meeting of the OPEC Joint Ministerial Monitoring Committee via videoconference.
The parties reviewed crude oil production data for July and August 2025 and noted the high level of compliance by OPEC and non-OPEC countries participating in the Declaration of Cooperation.
The meeting participants confirmed the importance of adhering to the agreements within the OPEC deal, as well as achieving full compliance with oil production quotas and compensation.
The Joint Ministerial Monitoring Committee reserves the right to convene additional meetings or request a ministerial meeting of OPEC and non-OPEC members, as agreed at the 38th ministerial meeting held on 5 December 2024.
Monitoring of compliance with the production adjustments agreed at the 38th OPEC and non-OPEC Ministerial Meeting and the additional voluntary production adjustments announced by the Group of Eight OPEC countries will continue.
The next, 63rd meeting of the Joint Ministerial Monitoring Committee is scheduled for November 30, 2025.
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