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News
  • OPEC daily basket price stood at $89.64 a barrel Wednesday, 17 April 2024

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  • Oil Security: vital for all

    Vienna, Austria, 13 March 2024--We took note of the International Energy Agency (IEA) reaffirming the significance of oil security to energy transitions in its most recent commentary: ‘A strong focus on oil security will be critical throughout the clean energy transition’.

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  • 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’.

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Press Releases

Press Releases
  • 53rd Meeting of the Joint Ministerial Monitoring Committee

    The 53rd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Wednesday, 03 April 2024.

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  • 10th Joint IEA-IEF-OPEC Workshop on the Interactions between Physical and Financial Energy Markets

    [Joint Press Release] The International Energy Agency (IEA), the International Energy Forum (IEF) and the Organization of the Petroleum Exporting Countries (OPEC) held the 10th Joint IEA-IEF-OPEC Workshop on the Interactions between Physical and Financial Energy Markets.

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  • The Seventh High-Level Meeting of the OPEC-China Energy Dialogue takes place in Vienna

    [Joint Conclusion] The Seventh High-Level Meeting of the OPEC-China Energy Dialogue was held today, 19 March 2024, at the OPEC Secretariat in Vienna, Austria.

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  • Several OPEC+ countries announce extension of additional voluntary cuts of 2.2 million barrels per day for the second quarter of 2024

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

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Secretary General’s Corner

Secretary General’s Corner
  • If oil disappeared tomorrow….

    Article by HE Haitham Al Ghais, OPEC Secretary General.

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  • A history of ‘unrealized’ peaks

    Article by HE Haitham Al Ghais, OPEC Secretary General.

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

    Article by HE Haitham Al Ghais, OPEC Secretary General.

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

    Article by HE Haitham Al Ghais, OPEC Secretary General.

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