Saudi Minister of Energy, Industry and Mineral Resources Khalid al-Falih held a telephone call with his Russian counterpart Alexander Novak on Monday to address the latest developments in the international oil market, reported the Saudi Press Agency Tuesday. The two officials held their talks in wake of a June 23, agreement between OPEC, Russia and other oil-producing allies to raise output from July. OPEC and non-OPEC said in their joint statement after that meeting that they would raise supply by returning to 100 percent compliance with previously agreed output cuts that are set to continue until the end of 2018. Supplies will be increased by some one million bpd starting July. Falih, as the Chairman of the Joint Ministerial Monitoring Committee (JMMC), and Novak as Co-Chair, discussed the need to modify the current monitoring process to reflect the agreed objective of adjusting overall conformity to 100 percent as per the OPEC and non-OPEC statement. They agreed to task the Joint Technical Committee (JTC) with developing and recommending a suitable process for the consideration of the JMMC. Falih and Novak also agreed to maintain close coordination and consultations between them and other partners to ensure that global oil and economic goals are met. Later on Tuesday, United Arab Emirates Energy Minister Suhail al-Mazrouei said that OPEC will aim to adhere to the groups "overall conformity levels" for the rest of 2018 and that the UAE is ready to help alleviate any oil possible supply shortage. "OPEC will, from July 1st, strive to adhere to the overall conformity levels for the remaining duration of the Declaration of Cooperation," Mazrouei, who holds the OPEC presidency for 2018, said in a statement. The joint OPEC and non-OPEC producers committees will monitor overall compliance, he added. "OPEC and non-OPEC countries participating in the Declaration of Cooperation remain unwavering in their commitment to contribute to market stability, in the interests of producers, consumers and the global economy," Mazrouei said. Some countries have been under-producing the targets specified by the Declaration of Cooperation, so returning to 100 percent compliance would increase output by around 1 million barrels per day, OPEC officials said.