OPEC posts on X "In light of recent media reports regarding the upcoming JMMC meeting, the OPEC Secretariat clarifies that the Committee, scheduled to convene on 28 July, does not hold decision-making authority over production levels..."
- "...Its role is limited to monitoring conformity with production adjustments and reviewing overall market conditions. Claims linking the JMMC meeting to output changes or voluntary adjustments by the “Group of Eight” are innacurate, and fall outside its mandate. The Secretariat urges accurate reporting to prevent market confusion and speculation."
Analysis details (18:53)
- Earlier, Reuters sources reported the OPEC+ panel is likely to keep oil policy steady on Monday.
25 Jul 2025 - 18:50- EnergyImportant- Source: X
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts