News:

  • 1. ‘'Age of electricity' to follow looming fossil fuel peak’’: Analysis or Science Fiction? more
  • 2. OPEC daily basket price stood at $71.59 a barrel Monday, 28 October 2024 more
  • 3. OPEC’s World Oil Outlook 2024 to be launched in Rio de Janeiro on 24 September more

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Secretary General’s Corner

Secretary General’s Corner
  • All sectors have a role to play in meeting the climate challenge

    Article by HE Haitham Al Ghais, OPEC Secretary General.

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  • Most of what you pay at the pump is taxes

    Article by HE Haitham Al Ghais, OPEC Secretary General.

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  • The energy mix is not a zero-sum game: oil and the electricity grid

    Article by HE Haitham Al Ghais, OPEC Secretary General.

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Oil Market Report

  • Oil Market Report

    October 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
  • Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman extend the 2.2 mbd voluntary adjustments for one month until end of December 2024

    The OPEC Secretariat noted that the eight OPEC+ countries Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, which previously announced additional voluntary adjustments in April and November 2023, have agreed to extend the November 2023 voluntary production adjustments of 2.2 million barrels per day for one month until the end of December 2024.

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  • Fifth High-Level Meeting of the OPEC-GECF Energy Dialogue highlights the importance of oil and gas for prosperity and progress

    [Joint Communique] The Organization of the Petroleum Exporting Countries (OPEC) and the Gas Exporting Countries Forum (GECF) held the Fifth High-Level Meeting of the OPEC-GECF Energy Dialogue on Thursday, 10 October 2024, via videoconference.

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  • 56th Meeting of the Joint Ministerial Monitoring Committee

    The Joint Ministerial Monitoring Committee (JMMC) reviewed the crude oil production data for the months of July and August 2024 and current market conditions.

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  • Algiers Accord turns eight: Historic testament to OPEC’s unwavering commitment to oil market stability

    The historic Algiers Accord, signed by OPEC Member Countries in 2016 in Algiers, Algeria, reached eight years today.

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OPEC Bulletin

  • OPEC Bulletin

    September-October 2024

    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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