Press Releases

Second year of Declaration of Cooperation begins with record-breaking conformity level

22 Feb 2018 | OPEC and participating Non-OPEC producing countries have started 2018 with an outstanding conformity level with their voluntary production adjustments, according to the OPEC-Non-OPEC Joint Ministerial Monitoring Committee (JMMC).

Global Energy Leaders Assess Energy Future at 8th IEA-IEF-OPEC Symposium on Energy Outlooks

14 Feb 2018 | [Joint Press Release] Energy ministers and world-renowned experts gathered in Riyadh for the 8th IEA-IEF-OPEC Symposium on Energy Outlooks that the International Energy Forum (IEF) convenes yearly in collaboration with the International Energy Agency (IEA), and the Organization of the Petroleum Exporting Countries (OPEC) to discuss energy outlooks, review historical baseline data, and advance the comparability of different scenarios in a collective effort to enhance producer-consumer dialogue on energy security and market transparency.

Participating countries conclude successful year with record-breaking conformity level

21 Jan 2018 | The OPEC/Non-OPEC Joint Ministerial Monitoring Committee (JMMC) convened in Muscat, the Sultanate of Oman, for its seventh meeting, on 21 January 2018. It announced that, based on the Report of the Joint Technical Committee (JTC) for the month of December 2017, following continuous months of excellent performances, OPEC and participating non-OPEC countries have achieved a record-breaking conformity level of 129% with their voluntary production adjustments. The monthly average conformity level for the first year of the Declaration of Cooperation was a remarkable 107%.

OPEC Secretary General meets with HH Kuwait’s Emir, Deputy Prime Minister, Oil Minister

17 Jan 2018 | His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, the Emir of the State of Kuwait, yesterday received His Excellency Mohammad Sanusi Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), for a meeting in Bayan Palace, Kuwait City. The Secretary General also met with the Deputy Prime Minister and Minister of State for Cabinet Affairs, His Excellency, Anas Khalid Al-Saleh. The meeting with the Emir was also attended by His Excellency Bakheet S. Al-Rashidi, Kuwait’s Minister of Oil and Minister of Electricity and Water and Kuwait’s Governor to OPEC Mr. Haitham Al-Ghais.

JMMC reports highest level of conformity

21 Dec 2017 | The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) stated that, based on the Report of the Joint OPEC-Non-OPEC Technical Committee (JTC) for the Month of November 2017, OPEC and participating Non-OPEC producing countries have shown highest level of conformity with their respective adjustments in production.

Second High-level Meeting of the OPEC-China Energy Dialogue

20 Dec 2017 | [Joint Conclusion] The Second High-level Meeting of the OPEC-China Energy Dialogue was held on 12 December 2017 in Beijing, PR China. The Meeting was co-chaired by HE Nur Bekri, Vice Chairman of China’s National Development and Reform Commission (NDRC) and Administrator of the National Energy Administration, and the OPEC Secretary General, HE Mohammad Sanusi Barkindo.

OPEC Secretary General’s Mission to China concludes

13 Dec 2017 | OPEC Secretary General, HE Mohammad Sanusi Barkindo, completed a successful mission to China by participating at the International Energy Executive Forum 2018, held today in Beijing. The event rounded off an extremely fruitful week of engagements for OPEC officials, in which representatives from OPEC and China reaffirmed the critical importance of enhancing cooperation across a broad spectrum of issues.

OPEC 173rd Meeting concludes

01 Dec 2017 | The 173rd Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Thursday, 30 November 2017, under the Chairmanship of its President, HE Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia, and Head of its Delegation.

Declaration of Cooperation

30 Nov 2017 | The Organization of Petroleum Exporting Countries (OPEC), Azerbaijan, Kingdom of Bahrain, Brunei Darussalam, Kazakhstan, Malaysia, Mexico, Sultanate of Oman, the Russian Federation, Republic of Sudan, Republic of South Sudan.

Opening address to the 173rd Meeting of the OPEC Conference

30 Nov 2017 | by HE Khalid A. Al-Falih, Saudi Arabia's Minister of Energy, Industry and Mineral Resources, and President of the OPEC Conference.

OPEC's World Oil Outlook 2017 launched in Vienna

07 Nov 2017 | The 2017 OPEC World Oil Outlook (WOO) was launched today at the OPEC Secretariat in Vienna. First published in 2007, the WOO offers a thorough review and assessment of the medium- and long-term prospects to 2040 for the global oil industry, as well as analysis of various sensitivities that have the potential to impact the petroleum industry in the years ahead.

OPEC Secretary General extends congratulations on UN Day

24 Oct 2017 | OPEC Secretary General, HE Mohammad Sanusi Barkindo, has sent a letter to the Secretary General of the United Nations (UN), HE António Guterres, in which he congratulated the UN family on UN day. The occasion has offered an opportunity to reflect on the success of OPEC’s cooperation with the UN in the past and look forward to future collaboration and partnership.

JMMC reports highest conformity level ever

21 Oct 2017 | The OPEC-Non-OPEC producing countries’ Joint Ministerial Monitoring Committee (JMMC) stated that based on the report of its Joint Technical Committee (JTC) for the month of September 2017, OPEC and participating Non-OPEC producing countries have achieved a record high conformity level with the voluntary production adjustments, reaching 120%.

OPEC Secretary General meets with India’s Minister of Petroleum and Natural Gas in New Delhi

10 Oct 2017 | OPEC Secretary General, HE Mohammad Sanusi Barkindo, met with HE Dharmendra Pradhan, Minister of Petroleum and Natural Gas of India, in New Delhi. The meeting was attended by a group of accompanying OPEC senior officials and the Chief Executives of the ‘Group-7 of Indian Refiners’.

OPEC's World Oil Outlook to be launched 7 November 2017

29 Sep 2017 | The 2017 OPEC World Oil Outlook (WOO) will be presented at a press conference to be held at the OPEC Secretariat on Tuesday, 7 November 2017 at 14:30 CET.

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