Press Releases

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.

Historic OPEC Algiers Meeting: One Year Anniversary

28 Sep 2017 | Today (September 28, 2017) marks the first anniversary of the historic 170th (Extraordinary) Meeting of the OPEC Conference that took place in Algiers, Algeria. Here, the OPEC Conference opted for an OPEC-14 production adjustment ranging between 32.5 and 33 million barrels a day (mb/d), in order to accelerate and bring the market rebalancing forward.

JMMC reports highest ever conformity level

22 Sep 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 August 2017, OPEC and participating Non-OPEC producing countries recorded the highest conformity ever with their voluntary adjustments in production, achieving a level of 116%.

OPEC Secretary General meets with new Venezuelan Oil Minister

15 Sep 2017 | OPEC Secretary General, HE Mohammad Sanusi Barkindo, met today with HE Eng. Eulogio Del Pino, Minister of the People’s Ministry of Petroleum of Venezuela at the OPEC Secretariat in Vienna, Austria.

OPEC turns 57 today

14 Sep 2017 | The Fourteenth of September is always a special day for OPEC.  It is the day in 1960 when the five Founding Members of OPEC, Iraq, the Islamic Republic of Iran, Kuwait, Saudi Arabia and Venezuela created OPEC at the historic ‘Baghdad Conference’.  Today is the Organization’s 57th anniversary.

OPEC hosts farewell luncheon for the Russian Ambassador in Vienna, HE Vladimir Voronkov

06 Sep 2017 | The OPEC Secretary General, HE Mohammad Sanusi Barkindo, with members of OPEC Secretariat management, today hosted HE Vladimir Voronkov, Ambassador and Permanent Representative of the Russian Federation to the International Organizations in Vienna, to a farewell luncheon in Vienna.

OPEC’s ‘Special Day’ takes place at Expo2017 in Astana

05 Sep 2017 | The Organization of the Petroleum Exporting Countries (OPEC) held its ‘Special Day’ at Expo2017 in Astana, Kazakhstan. The event represents the climax of 93 days of participation by OPEC at the Expo and reinforced the thriving relationship between the Republic of Kazakhstan and OPEC.

OPEC Secretary General extends condolences to US Secretary of Energy following Hurricane Harvey

05 Sep 2017 | OPEC Secretary General, HE Mohammad Sanusi Barkindo, sent a letter to the Secretary of Energy of the United States of America, Rick Perry, conveying his condolences for the tragic loss of life in the wake of Hurricane Harvey. The letter expressed OPEC’s solidarity with the people and Government of the US during these trying times, particularly those in the flood afflicted areas of Louisiana and Texas.

JMMC reports positive indications of oil market rebalancing in progress

24 Aug 2017 | The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) reported that based on the Report of the Joint OPEC-Non-OPEC Technical Committee (JTC) for the month of July, efforts by OPEC and participating Non-OPEC producing countries have continued to show positive results towards the goal of rebalancing the oil market.

OPEC Secretary General visits Nigerian President Muhammadu Buhari

14 Aug 2017 | OPEC Secretary General, Mohammad Sanusi Barkindo, has visited Nigerian President Muhammadu Buhari in London at the residence of the Nigerian High Commissioner – Abuja House.

JTC holds Special Consultations in Abu Dhabi with Several Producing Countries

08 Aug 2017 | The Joint OPEC-Non-OPEC Technical Committee (JTC) held an extraordinary session in Abu Dhabi, the UAE, with some of the producing countries participating in the Declaration of Cooperation. The objective of the meetings was to discuss conformity with the voluntary production adjustments outlined in the extension of the Declaration, which became effective on 1 July 2017.

OPEC Secretary General meets with the President and Oil Minister of Gabon

02 Aug 2017 | OPEC Secretary General, HE Mohammad Sanusi Barkindo, met with Gabon’s President, HE Ali Bongo Ondimba, and the country’s Minister of Petroleum and Hydrocarbons, HE Pascal Houangni Ambouroue and other Gabonese officials. Each meeting was also attended by a group of accompanying OPEC officials.

OPEC Secretary General meets with the President and Prime Minister of Equatorial Guinea

29 Jul 2017 | OPEC Secretary General, HE Mohammad Sanusi Barkindo, met yesterday with the President of Equatorial Guinea, HE Teodoro Obiang Nguema Mbasogo and the Prime Minister, HE Francisco Pascual Eyegue Obama Asue, in the city of Djibloho. The meetings were also attended by the country’s Minister of Industry, Mines and Energy, HE Gabriel Mbaga Obiang Lima, as well as other OPEC officials.

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