The Supervisory Set of Supervision Committee (JMMC) of the OPEC+, chaired by Saudi and Russia Arabia, decided on Monday to maintain its plan to gradually increase the supply of crude oil from April, despite the request of the president of the United States, Donald Trump, to immediately reduce oil prices. The Committee decided not to recommend an immediate increase in the offer, so the plan to return to the market follows, in 18 months, a total of 2.2 million barrels per day (MBD), that eight producers -Saudi anrabia , Russia, Iraq, United Arab Emirates, Kuwait, Kazajistan, Algeria and Oman- voluntarily withdrew in 2023. The meeting of the JMMC, responsible for supervising compliance with the agreements within the OPEC+, the alliance of OPEC countries plus ten other large producers , took place in a context of tensions and volatility in energy markets, driven by the commercial war initiated by the US The third.
