News:

  • 1. OPEC daily basket price stood at $74,90 a barrel Thursday, 3 October 2024 more
  • 2. OPEC’s World Oil Outlook 2024 to be launched in Rio de Janeiro on 24 September more
  • 3. OPEC to hold its 9th International Seminar in Vienna on 9-10 July 2025 more

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Secretary General’s Corner

Secretary General’s Corner
  • Most of what you pay at the pump is taxes

    Article by HE Haitham Al Ghais, OPEC Secretary General.

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  • The energy mix is not a zero-sum game: oil and the electricity grid

    Article by HE Haitham Al Ghais, OPEC Secretary General.

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  • Critical minerals: a realistic assessment

    Article by HE Haitham Al Ghais, OPEC Secretary General.

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Oil Market Report

  • Oil Market Report

    September 2024

    The OPEC MOMR provides a detailed analysis of oil market developments, including oil supply and demand levels, and trends in the world economy.

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Press Releases

Press Releases
  • 56th Meeting of the Joint Ministerial Monitoring Committee

    The Joint Ministerial Monitoring Committee (JMMC) reviewed the crude oil production data for the months of July and August 2024 and current market conditions.

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  • Algiers Accord turns eight: Historic testament to OPEC’s unwavering commitment to oil market stability

    The historic Algiers Accord, signed by OPEC Member Countries in 2016 in Algiers, Algeria, reached eight years today.

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  • 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 Janeiro, Brazil. First published in 2007, and now in its 18th edition, the Organization’s flagship annual publication offers a detailed review and assessment of the medium- and long-term prospects for the global oil and energy sectors.

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  • OPEC marks its 64th Anniversary

    The Organization of the Petroleum Exporting Countries (OPEC) today turned 64, celebrating more than six decades of exceptional achievements and success.

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OPEC Bulletin

  • OPEC Bulletin

    July-August 2024

    The publication provides articles on OPEC Secretariat activities, feature stories about the Organization’s Member Countries and a review of energy market developments.

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