The 182nd Ministerial Meeting of the (OPEC) takes steps to support the stability of the global oil market

The deliberations of the 182nd Ministerial Meeting of the Organization of Petroleum Exporting Countries “OPEC” began, by video conference, on Wednesday, December 1, 2021, with the participation of 13 ministers of energy and oil in the member states of the organization.

Demantino Azevedo, Angolan Energy Minister and President of the OPEC Conference, stressed in his speech to the meeting the need for producers to remain united and cooperative to support the balance and stability of the oil market in light of the escalation of the epidemic crisis with the emergence of a variable (Omicron).

The Angolan minister pointed out the continued commitment of (OPEC) to the efforts of the international community to combat climate change and the implementation of the recommendations of United Nations conferences in this regard to reach the reduction of carbon emissions, considering that (OPEC) countries make good contributions in this regard.

Crude oil producers completed their meetings the next day, Thursday, with the 35th meeting of the Joint Ministerial Monitoring Committee of the Alliance of OPEC+ producers, which was followed by the 23rd ministerial meeting of (OPEC) and independent producers (OPEC+).