Press Releases

OPEC holds constructive workshop between Iraq, Kazakhstan and secondary sources on compensation plans

03 May 2024 | The 35th OPEC and non-OPEC Ministerial Meeting (ONOMM) held 04 Jun 2023 reiterated the critical importance of adhering to full conformity, and subscribing to the concept of compensation. Furthermore, the 53rd Meeting of Joint Ministerial Monitoring Committee (JMMC) held on 3 April 2024 stated that participating countries with outstanding overproduced volumes for the months of January, February and March 2024 will submit their detailed compensation plans to the OPEC Secretariat by 30 April 2024.

53rd Meeting of the Joint Ministerial Monitoring Committee

03 Apr 2024 | The 53rd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Wednesday, 03 April 2024.

10th Joint IEA-IEF-OPEC Workshop on the Interactions between Physical and Financial Energy Markets

26 Mar 2024 | [Joint Press Release] The International Energy Agency (IEA), the International Energy Forum (IEF) and the Organization of the Petroleum Exporting Countries (OPEC) held the 10th Joint IEA-IEF-OPEC Workshop on the Interactions between Physical and Financial Energy Markets.

The Seventh High-Level Meeting of the OPEC-China Energy Dialogue takes place in Vienna

19 Mar 2024 | [Joint Conclusion] The Seventh High-Level Meeting of the OPEC-China Energy Dialogue was held today, 19 March 2024, at the OPEC Secretariat in Vienna, Austria.

Several OPEC+ countries announce extension of additional voluntary cuts of 2.2 million barrels per day for the second quarter of 2024

03 Mar 2024 | The OPEC Secretariat noted the announcements of several OPEC+ countries extending additional voluntary cuts of 2.2 million barrels per day, aimed at supporting the stability and balance of oil markets.

OPEC and Africa exchange views on array of key energy issues

19 Feb 2024 | [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.

52nd Meeting of the Joint Ministerial Monitoring Committee

01 Feb 2024 | The 52nd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Thursday, 01 February 2024.

OPEC and non-OPEC oil-producing countries re-affirm commitment to unity, full cohesion and market stability through the Declaration of Cooperation (DoC)

03 Jan 2024 | 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.

OPEC extends its condolences on the sad passing of HH Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, Amir of the State of Kuwait

16 Dec 2023 | 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.

4th High-level Meeting of the GECF-OPEC Energy Dialogue

13 Dec 2023 | [Joint Communique] The Gas Exporting Countries Forum (GECF) and the Organization of the Petroleum Exporting Countries (OPEC) held the Fourth High-Level Meeting of the GECF-OPEC Energy Dialogue, on 13 December 2023, at the GECF headquarters in Doha, the State of Qatar.

Declaration of Cooperation of OPEC and non-OPEC oil-producing countries reaches seven years

10 Dec 2023 | The landmark Declaration of Cooperation (DoC) between OPEC Member Countries and 10 non-OPEC oil-producing countries turned seven today, 10 December 2023.

Several OPEC+ countries announce additional voluntary cuts to the total of 2.2 million barrels per day

30 Nov 2023 | The OPEC Secretariat noted the announcement of several OPEC+ countries of additional voluntary cuts to the total of 2.2 million barrels per day, aimed at supporting the stability and balance of oil markets.

36th OPEC and non-OPEC Ministerial Meeting

30 Nov 2023 | The 36th OPEC and non-OPEC Ministerial Meeting (ONOMM), was held via videoconference, on Thursday November 30, 2023.

OPEC to participate in upcoming UN Climate Change Conference in Dubai and host a special pavilion

30 Nov 2023 | The Secretariat of the Organization of the Petroleum Exporting Countries (OPEC) will participate in the upcoming UN Climate Change Conference planned for 30 November to 12 December in Dubai, the United Arab Emirates.

187th OPEC Conference, 51st JMMC Meeting and 36th ONOMM to be held online on 30 November

23 Nov 2023 | The 187th Meeting of the OPEC Conference, the 51st Meeting of the Joint Ministerial Monitoring Committee (JMMC) and the 36th OPEC and non-OPEC Ministerial Meeting (ONOMM) will convene virtually on Thursday, 30 November 2023.

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