The JMMC stated that based on the Report of the JTC for the month of August 2017, OPEC and participating Non-OPEC producing countries recorded the highest conformity ever with their voluntary adjustments in production, achieving a level of 116%.

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The Fourteenth of September is always a special day for OPEC.  It is the day in 1960 when the five Founding Members of OPEC, Iraq, the Islamic Republic of Iran, Kuwait, Saudi Arabia and Venezuela created OPEC at the historic ‘Baghdad Conference’.  Today is the Organization’s 57th anniversary.

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