Press Releases 2020

JMMC focuses on market stability and full conformity

17 Sep 2020 | The 22nd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Thursday 17 September 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation.

OPEC turns 60

14 Sep 2020 | The Fourteenth of September 2020 is a very special day for OPEC. This sees the Organization celebrate its 60th anniversary.

OPEC’s Anniversary celebrations postponed

04 Sep 2020 | The celebrations of OPEC’s 60th Anniversary, which were originally scheduled this month in Baghdad where the Organization was founded, have been postponed.

JMMC reiterates the importance of attaining full conformity for market stability

19 Aug 2020 | The 21st Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Wednesday 19 August 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation.

JMMC sees improving market conditions and conformity levels

15 Jul 2020 | The 20th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Wednesday, 15 July 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation.

OPEC launches its 2020 Annual Statistical Bulletin

13 Jul 2020 | The OPEC Secretariat today launched the 55th edition of one of its flagship publications, the Annual Statistical Bulletin (ASB), via videoconference and livestream on the OPEC website (www.opec.org).

GECF and OPEC hold first Technical Meeting via videoconference

22 Jun 2020 | [Joint Press Release] OPEC Secretary General, HE Mohammad Sanusi Barkindo, met with his counterpart at the Gas Exporting Countries Forum, HE Yury Sentyurin, for the inaugural Technical Meeting of the OPEC-GECF Energy Dialogue on 22 June, held via videoconference. The meeting builds upon the bilateral Memorandum of Understanding (MoU) signed last year.

Market rebalancing, full commitment to conformity remains the focus – JMMC

18 Jun 2020 | The 19th Joint Ministerial Monitoring Committee (JMMC) was held via videoconference, on Thursday, 18 June 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation.

Opening address to the 179th Meeting of the OPEC Conference

06 Jun 2020 | Delivered by HE Mohamed Arkab, Algeria’s Minister of Energy and President of the OPEC Conference 2020, at the 179th Meeting of the OPEC Conference, 6 June 2020, via videoconference.

OPEC 179th Meeting of the Conference concludes

06 Jun 2020 | The 179th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held via videoconference, on 06 June 2020, under the Chairmanship of its President, HE Mohamed Arkab, Minister of Energy of Algeria and Head of its Delegation.

The 11th OPEC and non-OPEC Ministerial Meeting concludes

06 Jun 2020 | The 11th OPEC and non-OPEC Ministerial Meeting was held via videoconference, on Saturday, 06 June 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation.

OPEC Conference and OPEC and non-OPEC Ministerial Meeting rescheduled to June 6

05 Jun 2020 | The 179th Meeting of the OPEC Conference and the 11th OPEC and non-OPEC Ministerial Meeting that were originally planned for 9 and 10 June 2020, respectively, are now scheduled to take place via videoconference on Saturday, 6 June 2020.

China and OPEC commit to working together to help stabilize the global oil market

14 May 2020 | [Joint Press Release] Administrator of National Energy Administration, People’s Republic of China, HE Zhang Jianhua and delegation, along with HE Wang Qun, Permanent Representative and Ambassador Plenipotentiary and Extraordinary of the Permanent Mission of the People’s Republic of China to the United Nations and other International Organizations in Vienna, met with OPEC Secretary General HE Mohammad Sanusi Barkindo and an OPEC delegation for a “milestone” discussion on 14 May via Webinar.

The 10th (Extraordinary) OPEC and non-OPEC Ministerial Meeting concludes

12 Apr 2020 | The 10th (Extraordinary) OPEC and non-OPEC Ministerial Meeting was held via videoconference, on Sunday, 12 April 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation.

APPO commits to support OPEC+ efforts to stabilize the global oil market

11 Apr 2020 | The African Petroleum Producers' Organization (APPO) has followed with keen interest the Meeting of the OPEC+ or Declaration of Cooperation Partners which held on Thursday 9th April 2020 and the Meeting of the G20 Energy Ministers which held yesterday Friday 10th April 2020 aimed at halting and reversing the unprecedented volatility that came to characterize the global oil market since the beginning of March 2020.

The African Petroleum Producers’ Organization supports the 9th OPEC and non-OPEC Ministerial Meeting

09 Apr 2020 | Communique of the African Petroleum Producers’ Organization (APPO).

The 9th (Extraordinary) OPEC and non-OPEC Ministerial Meeting concludes

09 Apr 2020 | The 9th (Extraordinary) OPEC and non-OPEC Ministerial Meeting was held via webinar, on Thursday, 09 April 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation.

IEA Executive Director and OPEC Secretary General discussed the current situation in global oil markets

16 Mar 2020 | [Joint Statement] Leaders expressed deep concerns about the grave global health crisis caused by the coronavirus (COVID-19) and its related impacts on the stability of economies and markets, notably in developing countries.

OPEC Heads of Delegation hold further consultations

05 Mar 2020 | In view of market developments and following OPEC’s 178th Extraordinary meeting today, the Heads of Delegation of the OPEC Conference held further consultations and decided to recommend extending the duration of the proposed 1.5 million barrel per day additional adjustment until the end of 2020, instead of 30th of June 2020.

OPEC 178th (Extraordinary) Meeting of the Conference concludes

05 Mar 2020 | The 178th (Extraordinary) Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Thursday, 5 March 2020, under the Chairmanship of its President, HE Mohamed Arkab, Minister of Energy of Algeria and Head of its Delegation.

Opening address to the 178th (Extraordinary) Meeting of the OPEC Conference

05 Mar 2020 | Delivered by HE Mohamed Arkab, Algeria’s Minister of Energy and President of the OPEC Conference 2020, at the 178th (Extraordinary) Meeting of the OPEC Conference, 5 March 2020, Vienna, Austria.

Coronavirus: JTC recommends extending production adjustments to end 2020

08 Feb 2020 | The Minister of Energy of Algeria and President of the OPEC Conference in 2020, HE Mohamed Arkab, has said that following an extraordinary meeting of the Joint Technical Committee (JTC) held in Vienna, from 4-6 Feburary 2020, the JTC has recommended  extending voluntary production adjustments under the ‘Declaration of Cooperation’ process until the end of 2020 and to proceed with an additional adjustment until the end of the second quarter.