Oil prices rise on account of JMMC 107% output cut compliance
ON JULY 16, 20209:01 AMIN ENERGY
By Udeme Akpan
Barely, a few hours after the Joint Ministerial Monitoring Committee (JMMC) of the Organisation of Petroleum Exporting Countries (OPEC) and its non-OPEC allies, popularly known as OPEC+, had put conformity to their output cut in June 2020 at 107 per cent, oil prices have recorded a marginal increase in the global market.
