• عربي
  • Search
    ×
    Search Site

    How should I use keywords?

    Use keywords that are as specific as possible. For example, if you want to search about a service, use the “word service” not “a services” “and services” etc…

    Refine search results?

    If you find that your search has returned too many results you might want to consider refining your search. You can refine your search by adding other keywords to your search or by using the handy keyword tool that can filter your results to make them more accurately reflect the information you are looking for. The filters can be found to the top of your results.

    Want to go straight?

    Here are some quick links to take you straight to key topics:

  • Home
  • Tour
  • FAQ
  • Staff Email

Conformity for April 2019 to 'Declaration of Cooperation' was the highest so far: Al Mazrouei

Monday, May 20, 2019

Conformity for the month of April 2019 to the ''Declaration of Cooperation'', DoC, was 168 percent, the highest since the voluntary production adjustments by OPEC and Non-OPEC participating countries began in 2017, said Suhail bin Mohammed Faraj Faris Al Mazrouei, UAE Minister of Energy and Industry, in a statement following the 14th Meeting of the Joint Ministerial Monitoring Committee, JMMC, which took place in Jeddah, Saudi Arabia, on Sunday.

The meeting analysed current oil market conditions and global macroeconomic developments. The JMMC has reaffirmed its commitment to achieving a balanced market and working towards oil market stability on a sustainable basis with solid fundamentals.

The minister added that the JMMC requested that the Joint Technical Committee and the OPEC Secretariat continue to monitor and analyse oil market developments and, particularly, oil inventory projections in the coming weeks with a view to the next JMMC meeting making a recommendation to the OPEC Conference and OPEC and non-OPEC Ministerial Meeting, which are scheduled to meet in June 2019, regarding appropriate actions on the part of participating countries for the second half of 2019.

Al Mazrouei underscored the importance of market stability, which, he said, would encourage and attract investment needed to boost output capacity so as to meet increasing demand for oil.

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.

The 15th JMMC Meeting is scheduled to take place in June 2019 at the OPEC Secretariat in Vienna, Austria.

* Source: WAM

Related News

Other News

X

Your Bookmarks

Please click here to login

X

Recently Added

Your shopping cart is empty.

X

Check Order Status

 
 
X

Give us your feedback

What are your preferred channels of communication to learn more about MOEI eservices?

   
Top