If you continue using our website, we'll assume that you are happy to receive all cookies on this website. The Committee, which reviewed the monthly report prepared by its Joint Technical Committee (JTC) and developments in the global oil market since its last meeting on July 15, 2020, also considered market prospects for the second half of 2020 and for 2021. 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The sale of diesel in India -- the country’s most-used fuel and a proxy for its economic health -- slumped 20% in the first half of August from the same period in July. US Close – Manufacturing weakness sends everyone back to t... Investment Industry Regulatory Organization of Canada, There is resistance at 45.64, followed by resistance at 45.90, USD/BRO broke below support at 44.96 in the Asian session. The Committee reviewed the monthly report prepared by its Joint Technical Committee (JTC) and developments in the global oil market since its last meeting on 15 July 2020. Have a confidential tip for our reporters? THE oil market, yesterday, continued to record slow recovery as the Joint Ministerial Monitoring Committee (JMMC) of the Organisation of Petroleum Exporting Countries (OPEC) puts conformity to its output cut at 97 per cent. The meeting, instead, is expected to extend the compensation period for countries like Iraq and Nigeria for their past overproduction. (Credit: DALIBRI/Wikipedia.org). Do NOT follow this link or you will be banned from the site. The JMMC members also appealed to other underperforming participating nations to present their plans for implementing the compensation required for the overproduced volumes to the OPEC Secretariat by 28 August 2020. Losses can exceed investments. Yes! share. This Christmas season I had intended to engage in a critical investigation of religion given the powerful theological si... By Douglas Anele Some of the reasons justifying the demand for a president of Igbo extraction in 2023 have been adumbrat... By Denrele Animasaun Sixty years of sleepwalking “He who is not contented with what he has, would not be contented with... 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