Vienna: The 64th meeting of the Joint Ministerial Monitoring Committee (JMMC) was conducted via videoconference on Sunday, 1 February 2026. The meeting focused on reviewing crude oil production data for the months of November and December 2025, assessing the overall conformity of OPEC and non-OPEC countries participating in the Declaration of Cooperation (DoC).
According to Saudi Press Agency, the Committee emphasized the importance of achieving full conformity and compensation while reviewing the updated compensation schedules. The JMMC reaffirmed its commitment to monitoring adherence to the production adjustments decided upon at the 38th OPEC and non-OPEC Ministerial Meeting (ONOMM) held on 5 December 2024. Additionally, the Committee discussed the additional voluntary production adjustments announced by some participating OPEC and non-OPEC countries, which were agreed upon in the 52nd JMMC meeting on 1 February 2024.
The JMMC retains the authority to convene additional meetings or request an OPEC and non-OPEC Ministerial Meeting, as established during the 38th ONOMM. The Committee's next meeting, the 65th, is scheduled for 5 April 2026.