OPEC and non-OPEC petroleum producing countries will agree to introduce a mechanism for monitoring crude oil production before the end of 2018, Kuwaiti Oil Minister Bakheet Al-Rashidi stated, according to the Arab Times.

A committee meeting known as the JMCC will include Saudi Arabia as chair with fellow OPEC members Algeria, Kuwait, United Arab Emirates and Venezuela, as well as non-OPEC members Oman and Russia, will meet in Algeria on September 23 to discuss production figures.

“The production numbers of OPEC and (countries) outside OPEC will be reviewed at the meeting in Algeria, and before the end of the current year, there will be an agreement on a mechanism to monitor output next year,” Rashidi said.

Rashidi also affirmed that oil markets should “remain stable” until the end of the year.