Press Releases

The 5th OPEC and non-OPEC Ministerial Meeting concludes

07 Dec 2018 | The 5th OPEC and non-OPEC Ministerial Meeting was held in Vienna, Austria, on Friday, 07 December 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 HE Alexander Novak, Minister of Energy of the Russian Federation.

OPEC 175th Meeting concludes

07 Dec 2018 | The 175th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Thursday, 06 December 2018, under the Chairmanship of its President, HE Suhail Mohamed Al Mazrouei, UAE Minister of Energy & Industry and Head of its Delegation.

Opening address to the 175th Meeting of the OPEC Conference

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

Qatar gives notice of its withdrawal from OPEC

03 Dec 2018 | The OPEC Secretary General, His Excellency Mohammad Sanusi Barkindo, has today received a letter from the State of Qatar giving notice of its intention to withdraw from its Membership of OPEC, pursuant to Article 8 of the OPEC Statute, with effect from 1 January 2019.

Ali Rodriguez Araque, former OPEC Secretary General, passes away

21 Nov 2018 | It is with great sadness that OPEC has learnt of the passing of one of the Organization’s and Venezuela’s most respected and distinguished leaders, His Excellency Ali Rodriguez Araque.  The OPEC Secretariat extends its deepest and heartfelt condolences to the family of HE Rodriguez Araque, the President of the Bolivarian Republic of Venezuela, Nicolás Maduro, and the People's Minister of Petroleum, Manuel Salvador Quevedo Fernandez.

JMMC meeting in Abu Dhabi focuses on supply and demand outlook for 2019

11 Nov 2018 | The OPEC-Non-OPEC Joint Ministerial Monitoring Committee (JMMC) convened in Abu Dhabi, United Arab Emirates, for its eleventh meeting on 11 November 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, as well as scenario analysis for 2019.

JMMC expresses satisfaction with developments in the oil market

25 Oct 2018 | The Joint Ministerial Monitoring Committee (JMMC) reviewed the monthly report prepared by its Joint Technical Committee (JTC), including the overall conformity levels of the countries participating in the ‘Declaration of Cooperation’, during the month of September 2018, as well as the short-term prospects of the global oil market.

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.

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