Press Releases 2020

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.

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.

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.

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.