Press Releases 2020

Statement on attack on Saudi Arabian products distribution station in Jeddah

24 Nov 2020 | The terrorist attack that caused a fire to break out in a fuel tank at a petroleum products distribution station in north Jeddah, Saudi Arabia, is a cowardly act against a key installation that helps distribute vital energy needs.

JMMC reaffirms commitment to full conformity

17 Nov 2020 | The 24th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Tuesday, 17 November 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE Alexander Novak, Deputy Prime Minister of the Russian Federation.

OPEC holds 4th High-Level Meeting of the OPEC-India Dialogue

05 Nov 2020 | [Joint Conclusion] The OPEC Secretariat hosted the 4th High-Level Meeting of the OPEC-India Dialogue on 05 November 2020 via videoconference. The Meeting was co-chaired by HE Mohammad Sanusi Barkindo, Secretary General of OPEC and HE the Honourable Dharmendra Pradhan, India’s Minister of Petroleum and Natural Gas and Minister of Steel.

OPEC, GECF hold first high-level meeting

04 Nov 2020 | [Joint Press Release] OPEC and the Gas Exporting Countries Forum (GECF) held their first high-level meeting, highlighting the growing cooperation between the two organizations under the framework of the OPEC-GECF Energy Dialogue.

Seventh High-Level Meeting of the OPEC-Russia Energy Dialogue

03 Nov 2020 | [Joint Conclusion] The Seventh High-level Meeting of the OPEC-Russia Energy Dialogue, hosted by OPEC, took place via videoconference on 03 November 2020. The Meeting was co-chaired by HE Mohammad Sanusi Barkindo, Secretary General of OPEC and HE Alexander Novak, Minister of Energy of the Russian Federation.

The OPEC Family stands in solidarity with Austria after terror attacks in Vienna

03 Nov 2020 | The OPEC Secretariat was shocked and saddened with disbelief after receiving news of the horrendous events that took place in the heart of the beautiful city of Vienna yesterday evening (November 2). Our heartfelt condolences go out to all those affected.

14th High-Level Meeting of the EU-OPEC Energy Dialogue

27 Oct 2020 | [Joint Press Release] The fourteenth high-level meeting of the energy dialogue between the European Union (EU) and the Organization of the Petroleum Exporting Countries (OPEC), hosted by OPEC, took place via videoconference on 27 October 2020.

High-level experts meet for 7th Joint IEA-IEF-OPEC Workshop on the Interactions between Physical and Financial Energy Markets

22 Oct 2020 | [Joint Press Release] The International Energy Agency (IEA), the International Energy Forum (IEF) and the Organization of the Petroleum Exporting Countries (OPEC) met today via videoconference for the 7th Joint IEA-IEF-OPEC Workshop on the Interactions between Physical and Financial Energy Markets.

JMMC priority is full conformity by all DoC members

19 Oct 2020 | The 23rd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Monday, 19 October 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 2020 edition of the World Oil Outlook

08 Oct 2020 | The 2020 OPEC World Oil Outlook (WOO) was launched today in Vienna, Austria, providing the OPEC Secretariat’s in-depth look at the unprecedented scale and impact of the COVID-19 pandemic on the global energy and oil markets, an assessment of the medium- and long-term prospects, as well as analysis of various alternative scenarios and sensitivities that have the potential to impact the petroleum industry in the years ahead.

OPEC conveys its condolences on the sad passing of the Emir of the State of Kuwait

29 Sep 2020 | His Excellency Mohammad Sanusi Barkindo, Secretary General, and the staff at the OPEC Secretariat on learning of the passing of His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, the Emir of the State of Kuwait, offer their sincerest and heartfelt condolences to his family, the State of Kuwait and its people.

OPEC's World Oil Outlook to be launched on 8 October 2020

25 Sep 2020 | The 2020 OPEC World Oil Outlook (WOO) will be launched via videoconference in Vienna, Austria, on Thursday, 8 October 2020 at 14:00 (CEST).

OPEC holds Energy and Information Technology Workshop

21 Sep 2020 | The OPEC Secretariat held its second Workshop on Energy and Information Technology on 21 September 2020, featuring lively discussions on the latest developments in areas including blue hydrogen and trends in digitalization.

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.

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 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.

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 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.

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).

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.

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.

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.

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.