Oman to host OPEC meeting

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Oman will host OPEC`s 7th Joint Ministerial Monitoring Committee (JMMC) meeting on January 21.

This is the first time Oman has hosted an OPEC meeting. The meeting will discuss conformity of participating nations and the oil price situation.

Oman is one of the non-OPEC nations to take part in the JMMC that was formed in 2016 to control falling oil prices. The prices have since more than doubled as compliance from participating nations has been better than expected.