During the recent Ministerial Meeting in Moscow, OPEC and non-OPEC countries confirmed their commitment to the current oil production levels, which will remain unchanged until the end of 2026. They emphasized the necessity of completing the maximum sustainable production capacity assessment for all Declaration of Cooperation (DoC) countries, which will serve as a reference for production baselines in 2027. Additionally, the group agreed to hold Joint Ministerial Monitoring Committee (JMMC) meetings bi-monthly to ensure compliance with the agreements and reiterated the importance of a compensation mechanism for adherence. The next OPEC and non-OPEC Ministerial Meeting is set for November 29, 2026.