OPEC+ reiterated its commitment to maintaining stability in the energy market and emphasized the need to ensure the smooth passage of maritime routes.

On August 2, local time, the Organization of the Petroleum Exporting Countries (OPEC) issued a statement stating that the 67th Joint Ministerial Monitoring Committee meeting of OPEC+composed of OPEC member countries and non-OPEC oil-producing countrieswas held via video conference. The meeting reviewed the current situation of the oil market, emphasized the important role of the "Declaration of Cooperation" in maintaining global energy market stability, and pointed out that ensuring the smooth operation of international maritime routes is significant for ensuring stable energy supply. The statement expressed concern over attacks on energy infrastructure, believing that such actions would increase market volatility and undermine collective efforts to maintain market stability. The meeting also reviewed crude oil production data for May and June 2026 and reiterated its commitment to monitoring the production adjustment and additional voluntary production cut commitments of participating countries. The next Joint Ministerial Monitoring Committee meeting will be held on October 4, 2026.