News:

  • 1. OPEC daily basket price stood at $81.99 a barrel Wednesday, 21 February 2024 more
  • 2. Whose ‘moment of truth’? more
  • 3. Why the world needs more oil, not less – Al Ghais more

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Secretary General’s Corner

Secretary General’s Corner
  • A history of ‘unrealized’ peaks

    Article by HE Haitham Al Ghais, OPEC Secretary General.

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  • COP28 on the horizon: focusing on a holistic approach to the energy system

    Article by HE Haitham Al Ghais, OPEC Secretary General.

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  • Why has OPEC increased its long-term oil demand outlook in the WOO 2023?

    Article by HE Haitham Al Ghais, OPEC Secretary General.

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Oil Market Report

  • Oil Market Report

    February 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
  • OPEC and Africa exchange views on array of key energy issues

    [Joint Press Release] The 2024 annual OPEC-Africa Energy Dialogue was held today in Cairo where participants conducted open and transparent discussions on a wide array of key topics related to energy and oil, including energy security, risk of underinvestment, climate change and energy transitions.

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  • 52nd Meeting of the Joint Ministerial Monitoring Committee

    The 52nd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Thursday, 01 February 2024.

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  • OPEC and non-OPEC oil-producing countries re-affirm commitment to unity, full cohesion and market stability through the Declaration of Cooperation (DoC)

    At the outset of 2024, the OPEC Secretariat in consultation with OPEC Member Countries and the non-OPEC producing countries participating in the DoC, re-affirms the full commitment by the countries participating in the DoC to unity and cohesion, as well as their continued and unwavering efforts to maintain oil market stability going forward through the Declaration of Cooperation, signed on 10 December 2016 and further endorsed in subsequent meetings.

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  • OPEC extends its condolences on the sad passing of HH Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, Amir of the State of Kuwait

    The Organization of the Petroleum Exporting Countries (OPEC) offers its deepest and heartfelt condolences on the passing of His Highness Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, Amir of the State of Kuwait, to the leadership of the State of Kuwait, its ruling family and people.

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OPEC Bulletin

  • OPEC Bulletin

    November-December 2023

    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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