Riyadh: The 62nd Meeting of the Joint Ministerial Monitoring Committee (JMMC) occurred via videoconference on 1 October 2025. The committee focused on evaluating crude oil production data from July and August 2025, emphasizing the importance of conformity among OPEC and non-OPEC countries involved in the Declaration of Cooperation (DoC).
According to Saudi Press Agency, the JMMC highlighted the necessity of achieving full conformity and compensation, reviewing the updated compensation schedules. The committee reiterated its commitment to monitoring adherence to the production adjustments established during the 38th OPEC and non-OPEC Ministerial Meeting (ONOMM) on 5 December 2024. It also noted the additional voluntary production adjustments announced by some participating countries, as agreed upon in the 52nd JMMC on 1 February 2024.
The JMMC retains the authority to convene additional meetings or request an OPEC and non-OPEC Ministerial Meeting, a power established during the 38th ONOMM held on 5 December 2024. The committee's next meeting, the 63rd, is scheduled for 30 November 2025.