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AEC ENDORSES HAITHAM AL GHAIS’ RENEWAL AS OPEC SECRETARY GENERAL
The African Energy Chamber (AEC) – as the voice of the African energy sector – wh...
OPEC LAUNCHES WOO 2024 AND SEES GLOBAL OIL DEMAND AT OVER 120 MB/D IN 2050
The 2024 OPEC World Oil Outlook (WOO) was launched today at the ROG.E conference in Rio de Janeir...
OPEC+ COUNTRIES EXTEND VOLUNTARY CUTS
The OPEC+ countries, which previously announced additional voluntary cuts in April and November 2...
COP29-OPEC HIGH-LEVEL ENERGY DIALOGUE
In a historical joint effort to enhance cooperation and foster inclusivity, the COP29 Presidency ...
A POINT OF VIEW: IF OIL DISAPPEARED TOMORROW…
Article by HE Haitham Al Ghais, OPEC Secretary General If oil disappeared tomorrow, there ...
EXTENDED PRODUCTION CUTS SHOW OPEC'S ENDURING INFLUENCE OVER OIL
It has been written off many times, but the oil producers' group remains relevant. In the lon...
OPEC+ COUNTRIES ANNOUNCE EXTENSION OF ADDITIONAL VOLUNTARY CUTS
The OPEC Secretariat noted the announcements of several OPEC+ countries extending additional volu...
OPEC+ COUNTRIES ANNOUNCE ADDITIONAL VOLUNTARY PRODUCTION CUTS
The OPEC Secretariat noted the announcement of several OPEC+ countries of additional voluntary cu...
OPEC SEES GLOBAL OIL DEMAND AT 116 MB/D IN 2045
The 2023 OPEC World Oil Outlook (WOO) was launched today at the King Abdullah Petroleum Studies a...
OPEC FUND PARTNERS WITH IRENA TO ACCELERATE ENERGY TRANSITION FINANCING
The OPEC Fund for International Development today signed an agreement with the International Rene...
OIL JUMPS AS OPEC+ ANNOUNCE SURPRISE OUTPUT CUT
In a surprise move the organization of the petroleum exporting countries OPEC+ has announced majo...
GABRIEL MBAGA OBIANG LIMA TAKES OVER AS THE PRESIDENT OF OPEC FOR 2023
Equatorial Guinea’s Minister of Mines and Hydrocarbons, H.E. Gabriel Mbaga Obiang Lima, wil...
OPEC ANNOUNCES PRODUCTION CUT OF 2 MILLION BARRELS PER DAY
The 45th Meeting of the Joint Ministerial Monitoring Committee (JMMC) and the 33rd OPEC and non-O...
ALGIERS AND ITS INFLUENCE ON THE OIL OUTLOOK
Each year the release of the World Oil Outlook (WOO) is a signature event on the OPEC calendar, d...
OIL PRICES CLIMB AS OPEC+ EXTENDS OUTPUT CUTS
The 14th Meeting of OPEC and non-OPEC Ministers took place via video conference on Thursday March...
13TH OPEC AND NON-OPEC MINISTERIAL MEETING CONCLUDES
The 13th OPEC and non-OPEC Ministerial Meeting (ONOMM), held via videoconference, concluded on Tu...
OPEC+ GETS SCANT RELIEF FROM VACCINE AS MINISTERS MEET
Oil markets may be cheering the prospects of a coronavirus vaccine, but Opec+ can’t celebra...
MORE OPEC+ OIL PRODUCTION FROM AUGUST AND COVID-19 SECOND WAVE TO CREATE A 4-...
The upcoming partial return of curtailed OPEC+ oil production from August is set to create a new ...
OPEC LAUNCHES ITS 2020 ANNUAL STATISTICAL BULLETIN
The OPEC Secretariat today launched the 55th edition of one of its flagship publications, the Ann...
OPEC+ EXTENDS OUTPUT CUTS
The 11th OPEC and non-OPEC Ministerial Meeting was held via videoconference, on Saturday, 06 June...
OPEC SECURES RECORD GLOBAL OIL CUTS DEAL
The 10th (Extraordinary) OPEC and non-OPEC Ministerial Meeting was held via videoconference, ...
OPEC CONDITIONAL DEAL TO CUT GLOBAL OIL PRODUCTION BY 10M BARRELS A DAY
The 9th (Extraordinary) OPEC and non-OPEC Ministerial Meeting was held via webinar, on Thursday, ...
PUTIN STARTS WAR ON U.S. SHALE OIL INDUSTRY
On Friday, Russia's energy minister Alexander Novak told his Saudi Arabian counterpart Prince...
OPEC+ TO CONSIDER DEEPER CUTS IN FACE OF LINGERING CORONAVIRUS THREAT
OPEC and its allies are slated to deepen their output cuts further as they gather in Vienna this ...
JMMC REITERATED THE CRITICAL VALUE OF COMMITMENT TO MAINTAIN MARKET STABILITY...
The Joint Ministerial Monitoring Committee (JMMC) has reviewed the monthly report prepared by...
OPEC REACHES PRODUCTION CUT DEAL
Oil prices spiked on Friday after OPEC+ announced a last minute agreement to cut production b...
QATAR TO WITHDRAW FROM OPEC
Qatar will withdraw from the Organization of Petroleum Exporting Countries (OPEC) as of January, ...
OIL RALLIES AS SAUDI ARABIA PLANS OUTPUT CUT
Saudi Arabia has decided rein back its production of crude oil next month, which has lifted oil p...
NON-OPEC AND OPEC MEMBERS REJECT US CALLS TO INCREASE CRUDE OIL OUTPUT
The 10th Joint OPEC-non-OPEC Ministerial Monitoring Committee (JMMC) has rejected US calls for in...