BALANCED OIL MARKET
OPEC - Following its 14th Meeting, which took place on 19 May 2019, in Jeddah, the Kingdom of Saudi Arabia, the Joint Ministerial Monitoring Committee (JMMC) has reaffirmed its commitment to achieving a balanced market and working towards oil market stability on a sustainable basis with solid fundamentals.
The JMMC expressed its satisfaction regarding the critical role which the 'Declaration of Cooperation' (DoC) played in the oil market recovery seen in the first quarter of 2019 compared to the fourth quarter of 2018, supported…
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