The 64th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Sunday, 1 February 2026.

The JMMC reviewed the crude oil production data for the months of November and December 2025 and noted the overall conformity for OPEC and non-OPEC countries participating in the Declaration of Cooperation (DoC).

The Committee reiterated the critical importance of achieving full conformity and compensation, and reviewed the updated compensation schedules.

The Committee also reaffirmed that it will continue to monitor adherence to the production adjustments decided upon at the 38th OPEC and non-OPEC Ministerial Meeting (ONOMM) held on 5 December 2024, and the additional voluntary production adjustments announced by some participating OPEC and non-OPEC countries as agreed upon in the 52nd JMMC held on 1 February 2024.

The JMMC retains the authority to convene additional meetings or to request an OPEC and non-OPEC Ministerial Meeting, as established during the 38th ONOMM held on 5 December 2024.

The next meeting of the JMMC (65th) is scheduled for 5 April 2026.
Source: Organization of the Petroleum Exporting Countries