A Joint OPEC-Non-OPEC Technical Committee is convening today in Abu Dhabi in order to identify ways and means of raising levels of conformity.

The two-day technical meetings are being held to better understand the difficulties and obstacles faced by some OPEC and non-OPEC participating countries and to assess how conformity levels can be improved with the goal of achieving a faster rebalanced global oil market, for the benefit of producers and consumers alike.

The meetings are being co-chaired by Kuwait and Russia, in the presence of representatives from Saudi Arabia, which is serving as President of OPEC for 2017.

source:Wam 

The meeting was called during the 4th Meeting of the Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) in St. Petersburg, Russia, on 24th July 2017, when the Joint OPEC-Non-OPEC Technical Committee (JTC) was instructed to convene.

Other Members of the JMMC/JTC will not be attending as they have delegated the responsibility of conducting these meetings and reporting back to the JTC and the JMMC accordingly to the Co-Chairs.