OPEC and NOPEC oil producers plan continued cooperation.

摘要

OPEC's Joint Ministerial Monitoring Committee (JMMC) had a rather uneventful gathering on Jan. 21, after rampant speculation about what would happen at the meeting. Saudi Arabian Energy Minister Khalid al-Falih pointed to global economic strength and shrinking crude stocks, saying the market is on die path toward rebalancing by the end of this year or sometime next year. Russian Energy Minister Alexander Novak and Iraqi Oil Minister Jabar al-Luaibi concurred with their Saudi counterpart that the market is rebalancing in a satisfactory manner. On the whole, tile Ministers came out of the meeting in agreement mat some sort of cooperation between die OPEC/NOPEC countries should continue beyond 2018, whether in the form of extended production caps or some other mechanism.