OPEC members' commitment to cut output

The United Arab Emirates (UAE) was pleased to host the 22nd meeting of the Joint Technical Committee (JTC) and the 11th Joint Ministeral Monitoring Committee (JMMC) in Abu Dhabi on the 10th and 11th November 2018. 

Working closely with its OPEC and non OPEC partners, the UAE remains committed to ensuring market balance and sustainable stability. 

The JTC continues to closely monitor market fundamentals, which will be reviewed by OPEC and its partners at our December meeting in Vienna. I am confident that, collectively, we will reach an agreement on the appropriate way forward.