On August 2, local time, the Organization of Petroleum Exporting Countries issued a statement saying that the 67th “OPEC+” Joint Ministerial Supervisory Committee meeting composed of OPEC member countries and non-OPEC oil producers was held via video. The conference reviewed the current oil market situation, emphasized the importance of the “Declaration of Cooperation” in maintaining the stability of the global energy market, and pointed out the importance of ensuring the smooth flow of international maritime channels in ensuring a stable supply of energy. The statement expressed concern over attacks on energy infrastructure, and believed that related actions would increase market volatility and weaken joint efforts to maintain market stability. The conference also reviewed crude oil production data for May and June 2026, and reiterated that it will continue to monitor the implementation of production adjustments and additional voluntary production reduction commitments by participating countries. The next Joint Ministerial Supervisory Committee meeting will be held on October 4, 2026.

On August 2, local time, the Organization of Petroleum Exporting Countries issued a statement saying that the 67th “OPEC+” Joint Ministerial Supervisory Committee meeting composed of OPEC member countries and non-OPEC oil producers was held via video. The conference reviewed the current oil market situation, emphasized the importance of the “Declaration of Cooperation” in maintaining the stability of the global energy market, and pointed out the importance of ensuring the smooth flow of international maritime channels in ensuring a stable supply of energy. The statement expressed concern over attacks on energy infrastructure, and believed that related actions would increase market volatility and weaken joint efforts to maintain market stability. The conference also reviewed crude oil production data for May and June 2026, and reiterated that it will continue to monitor the implementation of production adjustments and additional voluntary production reduction commitments by participating countries. The next Joint Ministerial Supervisory Committee meeting will be held on October 4, 2026.