Press Releases

Third High-level Meeting of the OPEC-India Energy Dialogue

17 Oct 2018 | The third High-level Meeting of the OPEC-India Energy Dialogue was held on 17 October 2018 in New Delhi, India. The Meeting was co-chaired by HE Dharmendra Pradhan, India’s Minister of Petroleum and Natural Gas, and the OPEC Secretary General, HE Mohammad Sanusi Barkindo.

OPEC's World Oil Outlook 2018 launched in Algiers

23 Sep 2018 | The 2018 OPEC World Oil Outlook (WOO) was launched today in Algiers, Algeria. First published in 2007, the WOO offers a thorough review and assessment of the medium- and long-term prospects to 2040 for the global oil industry, as well as analysis of various sensitivities that have the potential to impact the petroleum industry in the years ahead.

JMMC meets in Algiers to monitor developments in the oil market

23 Sep 2018 | The Joint OPEC-non-OPEC Ministerial Monitoring Committee (JMMC) convened in Algiers, Algeria for its tenth meeting, on 23 September 2018. The Committee reviewed the monthly report prepared by its Joint Technical Committee (JTC) and the short-term developments in the global oil market, including prospects for 2019.

OPEC: 58 today

14 Sep 2018 | On this day in 1960, the five Founding Fathers of OPEC, Juan Pablo Pérez Alfonzo of Venezuela, Abdullah al-Tariki of Saudi Arabia, Dr Tala’at al-Shaibani of Iraq, Dr Fuad Rouhani of IR Iran and Ahmed Sayed Omar of Kuwait came together in Baghdad at the Al-Shaab Hall in the Bab Al-Muaatham district to establish OPEC at what is now known as the historic ‘Baghdad Conference’.

OPEC's World Oil Outlook to be launched in Algiers on 23 September 2018

06 Sep 2018 | The 2018 OPEC World Oil Outlook (WOO) will be presented at a press conference to be held at the El Aurassi Hotel in Algiers, Algeria, on Sunday, 23 September 2018 at 3:15 pm (Algiers time).

JMMC continues to monitor developments in the oil market

30 Aug 2018 | The Joint Ministerial Monitoring Committee (JMMC) reviewed the monthly report prepared by its Joint Technical Committee (JTC) including the overall conformity levels of countries participating in the “Declaration of Cooperation” during the month of July 2018, as well as the short-term prospects of the global oil markets.

JMMC concludes a teleconference meeting addressing oil market conditions, and short-term prospects

18 Jul 2018 | The Joint Ministerial Monitoring Committee (JMMC) held its 1st Teleconference Meeting today, where it reviewed recent market developments, and considered the report provided by the Joint Technical Committee (JTC) regarding the monitoring of the overall conformity levels of participating countries in the Declaration of Cooperation for the month of June 2018.

The 4th OPEC and non-OPEC Ministerial Meeting concludes

23 Jun 2018 | The 4th OPEC and non-OPEC Ministerial Meeting was held in Vienna, Austria, on Saturday, 23 June 2018, under the Co-Chairmanship of OPEC’s President, HE Suhail Mohamed Al Mazrouei, Minister of Energy & Industry of the United Arab Emirates and Head of its Delegation, and His Excellency Alexander Novak, Minister of Energy of the Russian Federation.

OPEC 174th Meeting concludes

22 Jun 2018 | The 174th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Friday, 22 June 2018, under the Chairmanship of its President, HE Suhail Mohamed Al Mazrouei, Minister of Energy & Industry of the United Arab Emirates and Head of its Delegation.

Opening address to the 174th Meeting of the OPEC Conference

22 Jun 2018 | by HE Suhail Mohamed Al Mazrouei, UAE Minister of Energy and Industry, and President of the OPEC Conference.

OPEC launches 2018 Annual Statistical Bulletin

07 Jun 2018 | The OPEC Secretariat has announced the release of the 53rd edition of the Annual Statistical Bulletin (ASB). This year’s ASB provides updated statistical data on the oil and natural gas activities of each of OPEC’s 14 Member Countries: Algeria, Angola, Ecuador, Equatorial Guinea, Gabon, Islamic Republic of Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela. As in previous years, it also contains valuable industry data for various countries around the world, organized mainly by geographic region, and covers the world’s major economic areas.

JMMC reports record conformity level in April and pledges to address consumer anxiety over security of oil supplies

25 May 2018 | The 24 OPEC and non-OPEC producing countries participating in the voluntary production adjustments continue to maintain outstanding levels of conformity to the terms of the historic ‘Declaration of Cooperation’ of December 2016, according to the Joint Ministerial Monitoring Committee (JMMC).

OPEC Secretary General meets with EU Commissioner, Günther Oettinger

11 May 2018 | HE Günther Oettinger, the European Commissioner for Budget and Human Resources, and the former European Commissioner for Energy, accompanied by a delegation of high level German dignitaries, visited the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna today, and met with its Secretary General, HE Mohammad Sanusi Barkindo.

OPEC Secretary General receives Abdullah Bin Hamad Al Attiyah Energy Award for Lifetime Achievement for the Advancement of OPEC

07 May 2018 | OPEC Secretary General, His Excellency Mohammad Sanusi Barkindo, was presented with the Abdullah Bin Hamad Al Attiyah Energy Award for Lifetime Achievement for the Advancement of OPEC, at a ceremony in Doha, Qatar. The Award was a recognition of the pivotal role the Secretary General played in the adoption of the ‘Declaration of Cooperation,’ which has had a transformative impact on the global oil industry.

Participating OPEC-non-OPEC Countries Achieve Highest Ever Conformity Level

20 Apr 2018 | The OPEC/Non-OPEC Joint Ministerial Monitoring Committee (JMMC) convened in Jeddah, the Kingdom of Saudi Arabia, for its eighth meeting, on 20 April 2018. It announced that, based on the Report of the Joint Technical Committee (JTC) for the month of March 2018, following successive months of record-breaking performances, OPEC and participating non-OPEC countries have achieved a conformity level of 149% with their voluntary production adjustments, the highest level so far.

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