OPEC’s Joint Ministerial Monitoring Committee (JMMC) held its 68th meeting by videoconference on 4 October 2026. The committee includes Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Nigeria, Algeria and Venezuela. Its statement says members reviewed crude oil production data for July and August and noted overall conformity by OPEC and non-OPEC countries participating in the Declaration of Cooperation. The release does not provide production totals, country-level differences, or a percentage compliance measure. “Overall conformity” is the committee’s qualitative summary, not a numerical finding that every participant produced exactly at its agreed level in each month.

The committee reaffirmed that it would monitor adherence to production adjustments decided at the 38th OPEC and non-OPEC Ministerial Meeting on 5 December 2024. It also described the Declaration of Cooperation as important to energy-market stability and pointed to the need to safeguard international maritime routes and energy infrastructure. The statement expressed concern that attacks on energy assets can make restoration costly and prolonged, reducing supply availability and increasing market volatility. These are the committee’s stated assessments; the statement does not quantify any disruption, repair bill or resulting change in available barrels.

The JMMC is a monitoring body rather than the same seven-country ministerial group that issued a separate production-level decision on 4 October. Its task here was to review recent data and maintain oversight of commitments, not publish a new set of country quotas. It said it retained authority to call additional meetings or request a ministerial meeting if circumstances warranted. The next JMMC meeting was scheduled for 29 November 2026. That schedule should not be read as a production forecast or a decision for December. Actual output, compliance details and shipping constraints require separate datasets beyond this short committee statement.

The committee’s review is retrospective: its statement gives no July or August country-level output figures and no November production decision.