It is the date of the convening of the ministerial committee of OPEC +

Two OPEC sources said Thursday that a committee composed of OPEC ministers and non-OPEC oil producers was cutting back on producers' agreement on the reduction of the supply of crude oil, to be held on September 12 in Abu Dhabi.

The Joint Ministerial Oversight Committee, composed of Saudi Arabia and Russia, not a member of the Organization of the Petroleum Exporting Countries (OPEC), is following the evolution of the oil market and can make recommendations to countries participating in the transaction, the group known as OPEC +.

The OPEC decided at its last meeting to discuss this month's production policy to maintain the reduction of 1.2 million barrels per day (bpd) of oil production up to the end of the year. March 2020 to support the market.

A technical committee called JCOMM will hold its meeting a day before the meeting of the ministerial oversight committee, the sources said.