Parties to an OPEC-led effort to collaborate on the methods necessary for a healthy market said they were committed to help offset oil production declines. Members of a joint ministerial monitoring committee met during the weekend in Kuwait City to review market conditions ahead of the next regular meeting of members of the Organization of Petroleum Exporting Countries in late June. With support from non-member states like Russia, OPEC is in its second year of a policy of cutting almost 2 million barrels per day from collective output to drain the surplus on the five-year average of crude oil inventories held by the world’s leading economies. Escalating oil prices in 2018, however, has brought calls to ease […]