News
OPEC daily basket price stood at $71,82 a barrel Thursday, 28 November 2024
29 Nov 2024 | Vienna, Austria, 29 November 2024--The price of OPEC basket of twelve crudes stood at $71,82 a barrel on Thursday, compared with $72,61 the previous day, according to OPEC Secretariat calculations (view archives).
‘'Age of electricity' to follow looming fossil fuel peak’’: Analysis or Science Fiction?
18 Oct 2024 | Vienna, Austria, 18 October 2024--In launching its World Energy Outlook 2024 (WEO), the IEA stated that “the future of the global energy system is electric.” This follows its assertion that demand for coal, oil and gas will peak by the end of the decade. Furthermore, the IEA’s Executive Director stated, “In energy history, we’ve witnessed the Age of Coal and the Age of Oil – and we’re now moving at speed into the Age of Electricity, which will define the global energy system.”
OPEC’s World Oil Outlook 2024 to be launched in Rio de Janeiro on 24 September
10 Sep 2024 | Vienna, Austria, 10 September 2024--The Organization of the Petroleum Exporting Countries (OPEC) will launch the 18th edition of its World Oil Outlook (WOO) at ROG.e 2024 in Rio de Janeiro, Federative Republic of Brazil.
The event will be held in the ‘Palco Petrobras 1’ hall on Tuesday, 24 September 2024, at 14:00 (Rio de Janeiro time) / 19:00 (Vienna time).
OPEC to hold its 9th International Seminar in Vienna on 9-10 July 2025
03 Jul 2024 | Vienna, Austria, 3 July 2024--The Organization of the Petroleum Exporting Countries (OPEC) will host the 9th OPEC International Seminar at the Imperial Hofburg Palace in Vienna, Austria, on 9-10 July 2025, under the theme “Charting Pathways Together: The Future of Global Energy”.
OPEC launches its 2024 Annual Statistical Bulletin
02 Jul 2024 | Vienna, Austria, 2 July 2024--The Organization of the Petroleum Exporting Countries (OPEC) today launched the 2024 edition of its Annual Statistical Bulletin (ASB).
OPEC’s Annual Statistical Bulletin 2024 to be launched on 2 July
01 Jul 2024 | Vienna, Austria, 1 July 2024--The Organization of the Petroleum Exporting Countries (OPEC) will launch the 2024 edition of its Annual Statistical Bulletin (ASB) on Tuesday, 2 July 2024, at 14:00 at the OPEC Secretariat in Vienna, Austria. The event will be held in a hybrid format.
Al Ghais: Peak oil demand not on the horizon
13 Jun 2024 | Vienna, Austria, 13 June 2024--In a recent article published by Energy Aspects, HE Haitham Al Ghais, OPEC Secretary General, emphasized that oil is set to play a key role in human lives for years and decades to come. “Peak oil demand is not on the horizon,” he stated.
Al Ghais: It’s about reducing emissions, not oil demand
26 Apr 2024 | Vienna, Austria, 26 April 2024--OPEC Secretary General, HE Haitham Al Ghais, wrote an opinion piece for the media platform Middle East Economic Survey (MEES) entitled “It’s about reducing emissions, not oil demand”, in which he challenged recent narratives alluding to “the end of oil”.
Oil Security: vital for all
13 Mar 2024 | 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’.
Whose ‘moment of truth’?
27 Nov 2023 | Vienna, Austria, 27 November 2023--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’. The industry has been told that it must “choose between fueling the climate crisis or embracing the shift to clean energy”, against the backdrop of the IEA’s proposed normative net-zero scenario.
Why the world needs more oil, not less – Al Ghais
31 Aug 2023 | 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.
OPEC Secretary General to participate in G20 meeting in India
21 Jul 2023 | Vienna, Austria, 21 July 2023--OPEC Secretary General, HE Haitham Al Ghais, will participate at the G20 Energy Ministerial Meeting in Goa, India, on 22 July.
Maximum energy, minimum emissions: OPEC commentary for the G7 Hiroshima Summit
17 May 2023 | Vienna, Austria, 17 May 2023--OPEC Secretary General, HE Haitham Al Ghais, has contributed to the publication for the G7 Summit that will take place in Hiroshima, Japan, from 19-21 May 2023.
OPEC and the City of Vienna to host the Vienna Energy Scholar Programme 2023
02 May 2023 | Vienna, Austria, 2 May 2023--The OPEC Secretariat and the City of Vienna will host the Third Vienna Energy Scholar Programme (VESP) from 4 to 9 September 2023 at the OPEC Headquarters.
OPEC to host the Fourth OPEC-OPEC Fund Annual Legal Workshop on regulatory issues related to the energy transition, access and security
17 Oct 2022 | Vienna, Austria, 17 October 2022--The OPEC Secretariat will host the Fourth OPEC-OPEC Fund Annual Legal Workshop on regulatory issues related to the energy transition, along with energy access and security, on Monday, 24 October 2022.
