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Sinochem News, according to oil price network news on June 15: OPEC Secretary-General Mohammad Barkindo said at the opening ceremony of the OPEC Economic and Technology Think Tank Meeting on Tuesday that the OPEC+ alliance has taken decisive action to help reduce oil market volatility
.
Barkindo said at the opening ceremony of the Economic Committee meeting: "The participating countries of the Declaration of Cooperation (DoC) have taken proactive preemptive actions to help reduce volatility, stabilize the oil market, and provide an opportunity for wider participation in the coming years.
Flexible recovery platform
.
"
The two-day meeting is held twice a year to assess the global oil market and global economic situation
.
OPEC said the committee will review issues such as investment, recovery expectations, and short-term and long-term prospects for crude oil production
The OPEC Economic Committee meeting is usually held before the biennial OPEC meeting in June and December
.
In June of this year, the OPEC Economic and Technology Think Tank meeting will be preceded by the Joint Technical Committee (JTC) and Joint Ministerial Monitoring Committee (JMMC) meetings held on June 17, 29 and 30, and the OPEC meeting on July 1.
+ Conference
.
The market will pay close attention to the OPEC + production policy after July 1, OPEC's views on the oil market, and the long-term opportunities and challenges of the oil industry
.
Other insights from OPEC on global economic growth and oil demand expectations may also emerge
OPEC stated in its June Monthly Oil Market Report (MOMR) last week that driven by strong U.
