{"id":4410,"date":"2021-06-02T12:51:12","date_gmt":"2021-06-02T12:51:12","guid":{"rendered":"https:\/\/carlcon.com\/?p=4410"},"modified":"2021-06-02T12:51:14","modified_gmt":"2021-06-02T12:51:14","slug":"opec-reaffirms-commitment-to-stable-global-oil-market","status":"publish","type":"post","link":"https:\/\/carlcon.com\/old\/2021\/06\/02\/opec-reaffirms-commitment-to-stable-global-oil-market\/","title":{"rendered":"OPEC reaffirms commitment to stable global oil market"},"content":{"rendered":"\n<p>The Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC Ministerial Meeting has reaffirmed its commitment to a stable global market in the mutual interest of producing countries<br>The meeting gave the assurance at the end of its virtual 17th OPEC and non-OPEC Ministerial Meeting on Tuesday.<br>\u201c In view of current oil market fundamentals and the consensus on its outlook, the meeting reaffirmed the existing commitment of the participating countries in the Declaration of Cooperation (DoC) to a stable market in the mutual interest of producing nations.<br>\u201cAlso, the efficient, economic and secure supply to consumers; and a fair return on invested capital.<br>\u201cReconfirmed the existing commitment of the 10th OPEC and non-OPEC Ministerial Meeting in April 2020, amended in June, September, and December 2020, as well as in January and April 2021 to gradually return 2 million barrels a day (mb\/d) of the adjustments to the market, with the pace being determined according to market conditions,\u2019\u2019 it said .<br>It will be recalled that Brent oil advanced above 70 dollars a barrel after the OPEC+ alliance forecast a tightening global market ahead its meeting&#8230;&#8230;TO CONTINUE READING CLICK ON<a href=\"https:\/\/thefreezonechannel.com\/opec-reaffirms-commitment-to-stable-global-oil-market\/\">https:\/\/thefreezonechannel.com\/opec-reaffirms-commitment-to-stable-global-oil-market\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC Ministerial Meeting has reaffirmed its commitment to a stable global market in the mutual interest of producing countriesThe meeting gave the assurance at the end of its virtual 17th OPEC and non-OPEC Ministerial Meeting on Tuesday.\u201c In view of current oil market fundamentals and the consensus<\/p>\n","protected":false},"author":1,"featured_media":4411,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/posts\/4410"}],"collection":[{"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/comments?post=4410"}],"version-history":[{"count":1,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/posts\/4410\/revisions"}],"predecessor-version":[{"id":4412,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/posts\/4410\/revisions\/4412"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/media\/4411"}],"wp:attachment":[{"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/media?parent=4410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/categories?post=4410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/tags?post=4410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}