OPEC+ Panel Not Expected to Propose Changes to Oil Output Policy

The Joint Ministerial Monitoring Committee (JMMC), the OPEC+ panel monitoring the oil market, is not expected to recommend in August any changes to the current production policy plan of the group, OPEC+ delegates told Bloomberg on Thursday.    The JMMC panel meets more frequently than the OPEC+ ministers and typically observes the most recent market developments and, if necessary, recommends a course of action to the ministerial meetings. The JMMC meetings are currently being held every two months, with the previous taking place…