News:

  • 1. Barkindo bestowed with Venezuela’s Highest Civilian Honour more
  • 2. OPEC daily basket price stood at $114.96 a barrel Tuesday, 24 May 2022 more
  • 3. DoC technical committee convenes to review oil market developments more

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Oil Market Report

  • Oil Market Report

    May 2022

    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 MSGBC Oil, Gas and Power Conference and Exhibition held in Dakar, Senegal, 16 December 2021.

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  • Opening remarks by OPEC Secretary General

    Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the ‘Energy Transition: Scenarios for the Future’ session of the 23rd World Petroleum Congress held in Houston, United States, 8 December 2021.

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  • OPEC Statement to the UN Climate Change Conference (COP 26/CMP 16/CMA 3)

    Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the to the UN Climate Change Conference (COP 26/CMP 16/CMA 3), 10 November 2021, Glasgow, United Kingdom.

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  • Opening keynote address by OPEC Secretary General

    Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at African Energy Week 2021 held in Cape Town, South Africa, 9 November 2021.

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Press Releases

Press Releases
  • OPEC to attend Iraq Energy Forum 2022

    OPEC Secretary General, HE Mohammad Sanusi Barkindo, will participate in the 6th Iraq Energy Forum (IEF) in Baghdad, Iraq, which will be held from 18-20 June 2022.

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  • 28th OPEC and non-OPEC Ministerial Meeting

    Following the conclusion of the 28th OPEC and non-OPEC Ministerial Meeting, held via videoconference on 5th May, it was noted that continuing oil market fundamentals and the consensus on the outlook pointed to a balanced market. It further noted the continuing effects of geopolitical factors and issues related to the ongoing pandemic.

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  • Outcome of the Extraordinary 183rd Meeting of the OPEC Conference

    At the Extraordinary 183rd Meeting of the OPEC Conference held via videoconference today, the Conference, in a short meeting, approved with immediate effect, the replacement of the International Energy Agency (IEA) with Wood Mackenzie and Rystad Energy as secondary sources used to assess OPEC Member Countries crude oil production.

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  • 27th OPEC and non-OPEC Ministerial Meeting

    Following the conclusion of the 27th OPEC and non-OPEC Ministerial Meeting, held via videoconference on March 31, it was noted that continuing oil market fundamentals and the consensus on the outlook pointed to a well-balanced market, and that current volatility is not caused by fundamentals, but by ongoing geopolitical developments.

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OPEC Bulletin

  • OPEC Bulletin

    February-March 2022

    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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