Press Releases 2023

OPEC extends its condolences on the sad passing of HH Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, Amir of the State of Kuwait

16 Dec 2023 | The Organization of the Petroleum Exporting Countries (OPEC) offers its deepest and heartfelt condolences on the passing of His Highness Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, Amir of the State of Kuwait, to the leadership of the State of Kuwait, its ruling family and people.

4th High-level Meeting of the GECF-OPEC Energy Dialogue

13 Dec 2023 | [Joint Communique] The Gas Exporting Countries Forum (GECF) and the Organization of the Petroleum Exporting Countries (OPEC) held the Fourth High-Level Meeting of the GECF-OPEC Energy Dialogue, on 13 December 2023, at the GECF headquarters in Doha, the State of Qatar.

Declaration of Cooperation of OPEC and non-OPEC oil-producing countries reaches seven years

10 Dec 2023 | The landmark Declaration of Cooperation (DoC) between OPEC Member Countries and 10 non-OPEC oil-producing countries turned seven today, 10 December 2023.

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

30 Nov 2023 | 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.

36th OPEC and non-OPEC Ministerial Meeting

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

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

30 Nov 2023 | 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.

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

23 Nov 2023 | 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.

187th OPEC Conference, 51st JMMC Meeting and 36th ONOMM moved to 30 November

22 Nov 2023 | 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), originally planned for 25 and 26 November 2023, have been rescheduled to Thursday, 30 November 2023.

6th High-Level Meeting of the OPEC-India Energy Dialogue

09 Nov 2023 | The 6th High-Level Meeting of the OPEC-India Energy Dialogue took place today, 9 November 2023, at the OPEC Secretariat in Vienna, Austria.

OPEC Secretary General receives highest rank of Brazil’s prestigious Order of Rio Branco

18 Oct 2023 | HE Haitham Al Ghais, OPEC Secretary General, was presented today with the highest rank of the Order of Rio Branco (rank: Grand Cross) of the Federative Republic of Brazil in recognition of his distinctive achievements in the fields of energy and international cooperation, as well as the exceptional efforts exerted to promote dialogue and cooperation between OPEC and non-OPEC oil-producing countries in the interest of stability in the global oil market.

World Oil Outlook 2023 sees global oil demand at 116 mb/d in 2045

09 Oct 2023 | The 2023 OPEC World Oil Outlook (WOO) was launched today at the King Abdullah Petroleum Studies and Research Center (KAPSARC) in the Kingdom of Saudi Arabia. First published in 2007, the WOO offers a detailed review and assessment of the medium- and long-term prospects for the global oil and energy to 2045.

50th Meeting of the Joint Ministerial Monitoring Committee

04 Oct 2023 | The 50th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Wednesday, 04 October 2023.

OPEC’s World Oil Outlook to be launched in Riyadh on 9 October

02 Oct 2023 | The Organization of the Petroleum Exporting Countries (OPEC) will launch the 17th edition of its World Oil Outlook (WOO) on Monday, 9 October 2023, at 11:00 (KSA time) in Riyadh, the Kingdom of Saudi Arabia.

Historic ‘Algiers Accord’ reaches seven years

28 Sep 2023 | The Organization of the Petroleum Exporting Countries (OPEC) today marks the seventh anniversary since the adoption of the historic ‘Algiers Accord’.

OPEC marks its 63rd Anniversary

14 Sep 2023 | The Organization of the Petroleum Exporting Countries (OPEC) today turned 63.

OPEC Statement on peak fossil fuel demand

14 Sep 2023 | On the International Energy Agency’s recent Op-Ed published on 12 September 2023, asserting that fossil fuel demand would peak before 2030, OPEC notes that consistent and data-based forecasts do not support this assertion. 

49th Meeting of the Joint Ministerial Monitoring Committee

04 Aug 2023 | The 49th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Friday, 04 August 2023.

OPEC’s Annual Statistical Bulletin (ASB 2023) launched on 11 July 2023

11 Jul 2023 | The Organization of the Petroleum Exporting Countries (OPEC) launched the 2023 edition of its Annual Statistical Bulletin (ASB) on Tuesday, 11 July 2023, at 14:00 (CEST) at the OPEC Secretariat in Vienna, Austria. The event was held in a hybrid format.

Today, OPEC Energy and Oil ministers attending the 8th OPEC International Seminar in Vienna met on the sidelines of the event

05 Jul 2023 | Today, OPEC Energy and Oil ministers attending the 8th OPEC International Seminar in Vienna met on the sidelines of the event.

OPEC Statement – Guyana

27 Jun 2023 | In view of recent reports about Guyana being invited to become a Member of OPEC, while the Organization recognizes that Guyana is an emerging player in the international oil market with significant potential, OPEC has not invited Guyana to become a Member of the Organization.

OPEC to celebrate its 60th Anniversary in Baghdad on 16 June

14 Jun 2023 | [JOINT PRESS RELEASE] The Organization of the Petroleum Exporting Countries (OPEC) will celebrate its Diamond Anniversary on Friday, 16 June 2023, in Baghdad, Iraq.

Secondary sources issue May 2023 production levels and revise Russia’s production for February 2023

13 Jun 2023 | The decision of the 35th OPEC and non-OPEC Ministerial Meeting, held on 4 June 2023, adjusted crude oil production levels for OPEC and Declaration of Cooperation non-OPEC Participating Countries starting 1 January 2024 until 31 December 2024, including Russia at 9.828 mbd based on the crude oil production level for the month of February 2023. The decision stated that this level was “subject to revision by June 2023 as the country is currently working with the secondary sources to update production figures”.

35th OPEC and non-OPEC Ministerial Meeting

04 Jun 2023 | In light of the continued commitment of the OPEC and non-OPEC Participating Countries in the Declaration of Cooperation (DoC) to achieve and sustain a stable oil market, and to provide long-term guidance for the market, and in line with the successful approach of being precautious, proactive, and pre-emptive, which has been consistently adopted by OPEC and non-OPEC Participating Countries in the Declaration of Cooperation, the Participating Countries decided to:

OPEC Secretary General stresses the importance of enhancing refining capacity

01 Jun 2023 | OPEC Secretary General, HE Haitham Al Ghais, underlined the importance of enhancing refining capacity globally to meet the growing demand for oil products.

OPEC Secretary General highlights DoC’s positive contributions to market stability

30 May 2023 | The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), HE Haitham Al Ghais, underscored the positive contributions made by OPEC Member Countries and non-OPEC oil-producing countries participating in the Declaration of Cooperation (DoC) to support sustainable stability in the global oil market.

OPEC offers its full support to the UAE COP28 Presidency

29 May 2023 | OPEC affirms it unwavering support to the UAE’s inclusive approach to this year’s COP 28 meeting and to its President-Designate, His Excellency Dr. Sultan Ahmed Al Jaber.

OPEC Secretary General: Energy transition must be fair and inclusive

22 May 2023 | OPEC Secretary General, HE Haitham Al Ghais, highlighted that the energy transition must be fair and inclusive, where no one would be left behind.

Innovation plays critical role in reducing emissions: OPEC Secretary General

22 May 2023 | OPEC Secretary General, HE Haitham Al Ghais, stressed that technological innovation will play a critical role in reducing emissions.

6th High-level Meeting of the OPEC-China Energy Dialogue

17 May 2023 | [Joint Conclusion] The Sixth High-level Meeting of the OPEC-China Energy Dialogue was held in Beijing, P.R. China, on 16 May 2023. The Meeting was co-chaired by HE Zhang Jianhua, Administrator of the National Energy Administration, the People’s Republic of China, and OPEC Secretary General, HE Haitham Al Ghais. The Permanent Representative of the People's Republic of China to the UN and other International Organizations in Vienna, HE Li Song, delivered an opening speech via video.

High-level experts meet for the 9th Joint IEA-IEF-OPEC Workshop on the Interactions between Physical and Financial Energy Markets

27 Apr 2023 | [Joint Press Release] The International Energy Agency (IEA), the International Energy Forum (IEF) and the Organization of the Petroleum Exporting Countries (OPEC) held the 9th Joint IEA-IEF-OPEC Workshop on the Interactions between Physical and Financial Energy Markets.

48th Meeting of the Joint Ministerial Monitoring Committee

03 Apr 2023 | The 48th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Monday, 03 April 2023.

2nd High-level Meeting of the OPEC-Africa Energy Dialogue concludes

12 Feb 2023 | [JOINT PRESS RELEASE] The 2nd High-level Meeting of the OPEC-Africa Energy Dialogue took place today, 12 February 2023, in Cairo involving leading energy partners from across the African continent.

JMMC reaffirmed their commitment to the DoC which extends to the end of 2023 as agreed in the 33rd OPEC and non-OPEC Ministerial Meeting (ONOMM) on 5th of October 2022

01 Feb 2023 | The 47th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Wednesday, 01 February 2023.

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