Venezuela sits on the OPEC monitoring committee that reviewed July and August output

4 October 2026

The 68th meeting of the Joint Ministerial Monitoring Committee, the body that watches over the OPEC and non-OPEC Declaration of Cooperation, reviewed crude oil production data for July and August 2026.
Venezuela is one of the committee's members, alongside Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Nigeria and Algeria.
The committee noted overall conformity among the participating countries and reaffirmed that it is monitoring the production adjustments agreed at the 38th OPEC and non-OPEC Ministerial Meeting of 5 December 2024.
It stressed the role of the Declaration of Cooperation in keeping energy markets stable and underlined the need to protect international maritime routes.
The committee also recorded concern over attacks on energy infrastructure, saying repairs are costly and slow.
It keeps the authority to call extra meetings or ask for a full ministerial meeting at any time.
The 69th meeting of the committee is set for 29 November 2026.