The OPEC+ panels will not be discussing next week any revisions of the ongoing production cut pact and are not expected to make any major decisions to tweak the deal, Russia’s Energy Minister Alexander Novak said on Thursday. The volatile oil market and the highly uncertain trajectory of global demand recovery has forced the OPEC+ group to have the Joint Ministerial Monitoring Committee (JMMC) hold meetings every month until the end of 2020, instead of ahead of every full OPEC+ meeting only. The meetings of the Joint Technical Committee (JTC) will and the Joint Ministerial Monitoring Committee (JMMC) for August are scheduled for August 17 and August 18 , respectively, OPEC said in its July meeting at which it noted that market conditions and conformity levels were improving. The JMMC meeting will likely be held on August 19, a day later than originally planned, Russia’s news agency TASS quoted […]