Secretary General’s Corner
OPEC welcomes the IEA’s refocus on energy security
Article by HE Haitham Al Ghais, OPEC Secretary General
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Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to market stability on current healthy oil market fundamentals and adjust production upward
03 May 2025
The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 3 May 2025, to review global market conditions and outlook.
OPEC daily basket price stood at $61,80 a barrel, Friday 2 May 2025
5 May 2025
Vienna, Austria, 5 May 2025--The price of OPEC basket of twelve crudes stood at $61,80 a barrel on Friday, compared with $61,88 the previous day, according to OPEC Secretariat calculations.
11th Joint IEA-IEF-OPEC Workshop on the Interactions between Physical and Financial Energy Markets
23 April 2025
[Joint Press Release] The International Energy Agency (IEA), the International Energy Forum (IEF) and the Organization of the Petroleum Exporting Countries (OPEC) held the 11th Joint IEA-IEF-OPEC Workshop on the Interactions between Physical and Financial Energy Markets at the OPEC Secretariat in Vienna, Austria.
OPEC Secretariat receives updated compensation plans from Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, and Oman
16 April 2025
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The OPEC Secretariat produces numerous publications to inform the public about the Organization's activities, and to disseminate data and information about OPEC Member Countries and the oil industry in general.
