News:

  • 1. DoC JTC discusses oil market developments more
  • 2. OPEC daily basket price stood at $64.24 a barrel Monday, 1 March 2021 more
  • 3. Sheikh Ahmed Zaki Yamani: an OPEC and oil industry pioneer more

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Oil Market Report

  • Oil Market Report

    February 2021

    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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Speeches

Speeches
  • Opening statement by OPEC Secretary General

    Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the 11th IEA-IEF-OPEC Symposium on Energy Outlooks, 17 February 2021, via videoconference.

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  • Special address by OPEC Secretary General

    Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the S&P Global Platts Americas Petroleum and Energy Conference, 27 January 2021.

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  • Opening Remarks by the Chairman of the OPEC and non-OPEC Ministerial Meeting

    Delivered by HRH Prince Abdul Aziz Bin Salman, Saudi Arabia's Minister of Energy and Chairman of the OPEC and non-OPEC Ministerial Meeting, at the 13th OPEC and non-OPEC Ministerial Meeting, 4 January 2021, via videoconference.

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  • Remarks by the President of the OPEC Conference

    Delivered by HE Dr Diamantino Pedro Azevedo, Angola’s Minister of Mineral Resources and Petroleum and President of the OPEC Conference, at the 13th OPEC and non-OPEC Ministerial Meeting, 4 January 2021, via videoconference.

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Press Releases

Press Releases
  • OPEC’s 8th International Seminar postponed to 29-30 June 2022

    The Organization of the Petroleum Exporting Countries (OPEC) has postponed its 8th International Seminar until next year due to the COVID-19 pandemic. The Seminar, originally scheduled for 16-17 June 2021, will now be held on 29-30 June 2022 at the Hofburg Imperial Palace in Vienna, Austria.

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  • IEA-IEF-OPEC Symposium on Energy Outlooks discusses global energy security and market stability

    [Joint Press Release] The International Energy Agency (IEA), the International Energy Forum (IEF) and the Organization of the Petroleum Exporting Countries (OPEC) today hosted the 11th IEA-IEF-OPEC Symposium on Energy Outlooks to examine the impact of the COVID-19 pandemic on global energy markets and the outlook for global energy security and market stability.

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  • Kazakhstan conveys its full commitment to compensate for overproduced volumes

    Kazakhstan continues to demonstrate its full support for the decisions taken at OPEC and non-OPEC Ministerial Meetings (ONOMM), most recently the 13th ONOMM on 4/5 January 2021.

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  • HE Timipre Sylva of Nigeria appointed Special Envoy for further consultations with DoC Participating Countries

    At the 26th Meeting of the Joint Ministerial Monitoring Committee (JMMC) held on 3 February 2021, the Chair of the Committee, HRH Prince Abdul Aziz bin Salman, Saudi Arabia’s Minister of Energy, and Co-chair, HE Alexander Novak, Deputy Prime Minister of the Russian Federation, commended the positive efforts of all countries participating in the ‘Declaration of Cooperation’ (DoC) for the monumental strides taken toward attaining full conformity with their voluntary adjustments in output. Participating Countries have been proactive and pre-emptive in measures taken to mitigate the devastating impact of the COVID-19 pandemic on the oil market.

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OPEC Bulletin

  • OPEC Bulletin

    December 2020-January 2021

    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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