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News
  • OPEC daily basket price stood at $81.99 a barrel Wednesday, 21 February 2024

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  • Whose ‘moment of truth’?

    Last week, the International Energy Agency (IEA) in its report ‘The Oil and Gas Industry in Net Zero Transitions’ stated that the oil and gas industry faces a ‘moment of truth’.

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  • Why the world needs more oil, not less – Al Ghais

    Vienna, Austria, 31 August 2023--OPEC Secretary General, HE Haitham Al Ghais, stated that the world would continue to witness rising oil demand amidst global energy transitions.

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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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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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