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  • 1. OPEC daily basket price stood at $22.61 a barrel Tuesday, 31 March 2020 more

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Oil Market Report

  • Oil Market Report

    March 2020

    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
  • Keynote address by OPEC Secretary General

    Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the International Carbon Capture Utilization and Storage Conference, 26 February 2020, Riyadh, Saudi Arabia.

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  • Keynote Address by HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy

    Delivered by HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, at the International Carbon Capture Utilization and Storage (ICCUS) Conference, 25 February 2020, Riyadh, Saudi Arabia.

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  • OPEC Statement to the UN Climate Change Conference (COP 25/CMP 15/CMA 2)

    Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the UN Climate Change Conference (COP 25/CMP 15/CMA 2), 10 December 2019, Madrid, Spain.

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  • Remarks by the President of the OPEC Conference

    Delivered by HE Manuel Salvador Quevedo Fernandez, Venezuela's People’s Minister of Petroleum and President of the OPEC Conference 2019, at the 7th OPEC and non-OPEC Ministerial Meeting, 6 December 2019, Vienna, Austria.

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Press Releases

Press Releases
  • IEA Executive Director and OPEC Secretary General discussed the current situation in global oil markets

    [Joint Statement] Leaders expressed deep concerns about the grave global health crisis caused by the coronavirus (COVID-19) and its related impacts on the stability of economies and markets, notably in developing countries.

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  • OPEC Heads of Delegation hold further consultations

    In view of market developments and following OPEC’s 178th Extraordinary meeting today, the Heads of Delegation of the OPEC Conference held further consultations and decided to recommend extending the duration of the proposed 1.5 million barrel per day additional adjustment until the end of 2020, instead of 30th of June 2020.

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  • OPEC 178th (Extraordinary) Meeting of the Conference concludes

    The 178th (Extraordinary) Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Thursday, 5 March 2020, under the Chairmanship of its President, HE Mohamed Arkab, Minister of Energy of Algeria and Head of its Delegation.

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  • Opening address to the 178th (Extraordinary) Meeting of the OPEC Conference

    Delivered by HE Mohamed Arkab, Algeria’s Minister of Energy and President of the OPEC Conference 2020, at the 178th (Extraordinary) Meeting of the OPEC Conference, 5 March 2020, Vienna, Austria.

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OPEC Bulletin

  • OPEC Bulletin

    Feb-Mar 2020

    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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