OPEC+ ministers stated that the cost of shipping and insurance exceeded a third of energy prices OPEC+ ministers met in Riyadh on the sidelines of the World Petroleum Congress (WPC) and the International Energy Forum (IEF), reviewed the market situation and agreed to continue consultation with all OPEC+ countries within the framework of existing mechanisms, including the Ministerial Committee (JMMC) and the OPEC+ Ministerial Meetings, and approved the Their commitment to the decisions made in June 2026 and to be kept. the oil market, OPEC said in a press release." In this context, the ministers confirmed the critical importance of securing international shipping lanes to ensure an uninterrupted flow of energy resources.

OPEC+ ministers stated that the cost of shipping and insurance exceeded a third of energy prices OPEC+ ministers met in Riyadh on the sidelines of the World Petroleum Congress (WPC) and the International Energy Forum (IEF), reviewed the market situation and agreed to continue consultation with all OPEC+ countries within the framework of existing mechanisms, including the Ministerial Committee (JMMC) and the OPEC+ Ministerial Meetings, and approved the Their commitment to the decisions made in June 2026 and to be kept. the oil market, OPEC said in a press release." In this context, the ministers confirmed the critical importance of securing international shipping lanes to ensure an uninterrupted flow of energy resources.