OPEC Committee Highlights Energy Infrastructure Security Amid Market Volatility
The Joint Ministerial Monitoring Committee (JMMC) of the Organization of the Petroleum Exporting Countries (OPEC) held its 65th meeting via videoconference, involving key member countries such as Saudi Arabia, Russia, and the UAE. The committee reviewed current market conditions and underscored the importance of the Declaration of Cooperation (DoC) in maintaining global energy market stability. Concerns were raised about attacks on energy infrastructure, which are costly to repair and affect supply availability. The committee stressed that disruptions to energy supply security, whether through infrastructure attacks or maritime route disruptions, increase market volatility and undermine efforts to stabilize the market. The JMMC commended countries that have used alternative export routes to ensure supply continuity, thereby reducing market volatility. 
