Press Room

OPEC daily basket price stood at $85.00 a barrel Thursday, 30 November 2023

Whose ‘moment of truth’?

Last week, the International Energy Agency (IEA) in its report ‘The Oil and Gas Industry in Net Zero Transitions’ stated that the oil and gas industry faces a ‘moment of truth’.

Why the world needs more oil, not less – Al Ghais

Vienna, Austria, 31 August 2023--OPEC Secretary General, HE Haitham Al Ghais, stated that the world would continue to witness rising oil demand amidst global energy transitions.

Several OPEC+ countries announce additional voluntary cuts to the total of 2.2 million barrels per day

The OPEC Secretariat noted the announcement of several OPEC+ countries of additional voluntary cuts to the total of 2.2 million barrels per day, aimed at supporting the stability and balance of oil markets.

36th OPEC and non-OPEC Ministerial Meeting

The 36th OPEC and non-OPEC Ministerial Meeting (ONOMM), was held via videoconference, on Thursday November 30, 2023.

OPEC to participate in upcoming UN Climate Change Conference in Dubai and host a special pavilion

The Secretariat of the Organization of the Petroleum Exporting Countries (OPEC) will participate in the upcoming UN Climate Change Conference planned for 30 November to 12 December in Dubai, the United Arab Emirates.

187th OPEC Conference, 51st JMMC Meeting and 36th ONOMM to be held online on 30 November

The 187th Meeting of the OPEC Conference, the 51st Meeting of the Joint Ministerial Monitoring Committee (JMMC) and the 36th OPEC and non-OPEC Ministerial Meeting (ONOMM) will convene virtually on Thursday, 30 November 2023.

COP28 on the horizon: focusing on a holistic approach to the energy system

Article by HE Haitham Al Ghais, OPEC Secretary General.

Why has OPEC increased its long-term oil demand outlook in the WOO 2023?

Article by HE Haitham Al Ghais, OPEC Secretary General.