OPEC+ is set to hold an online joint ministerial monitoring committee (JMMC) meeting on 1/8/2024, to review current market conditions and production policies.
This note delves into the following key aspects:
- Emirati President Sheikh Mohammad Bin Zayed’s (MBZ) views on OPEC+ production policy
- UAE's production quota
- The impact of idle production capacity on market dynamics as perceived by MBZ
The note also highlights Saudi Arabia's outlook on demand growth and global supply.
