Press Releases 2023
Historic ‘Algiers Accord’ reaches seven years
28 Sep 2023 | The Organization of the Petroleum Exporting Countries (OPEC) today marks the seventh anniversary since the adoption of the historic ‘Algiers Accord’.
OPEC Statement on peak fossil fuel demand
14 Sep 2023 | On the International Energy Agency’s recent Op-Ed published on 12 September 2023, asserting that fossil fuel demand would peak before 2030, OPEC notes that consistent and data-based forecasts do not support this assertion.
OPEC marks its 63rd Anniversary
14 Sep 2023 | The Organization of the Petroleum Exporting Countries (OPEC) today turned 63.
49th Meeting of the Joint Ministerial Monitoring Committee
04 Aug 2023 | The 49th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Friday, 04 August 2023.
OPEC’s Annual Statistical Bulletin (ASB 2023) launched on 11 July 2023
11 Jul 2023 | The Organization of the Petroleum Exporting Countries (OPEC) launched the 2023 edition of its Annual Statistical Bulletin (ASB) on Tuesday, 11 July 2023, at 14:00 (CEST) at the OPEC Secretariat in Vienna, Austria. The event was held in a hybrid format.
Today, OPEC Energy and Oil ministers attending the 8th OPEC International Seminar in Vienna met on the sidelines of the event
05 Jul 2023 | Today, OPEC Energy and Oil ministers attending the 8th OPEC International Seminar in Vienna met on the sidelines of the event.
OPEC Statement – Guyana
27 Jun 2023 | In view of recent reports about Guyana being invited to become a Member of OPEC, while the Organization recognizes that Guyana is an emerging player in the international oil market with significant potential, OPEC has not invited Guyana to become a Member of the Organization.
OPEC to celebrate its 60th Anniversary in Baghdad on 16 June
14 Jun 2023 | [JOINT PRESS RELEASE] The Organization of the Petroleum Exporting Countries (OPEC) will celebrate its Diamond Anniversary on Friday, 16 June 2023, in Baghdad, Iraq.
Secondary sources issue May 2023 production levels and revise Russia’s production for February 2023
13 Jun 2023 | The decision of the 35th OPEC and non-OPEC Ministerial Meeting, held on 4 June 2023, adjusted crude oil production levels for OPEC and Declaration of Cooperation non-OPEC Participating Countries starting 1 January 2024 until 31 December 2024, including Russia at 9.828 mbd based on the crude oil production level for the month of February 2023. The decision stated that this level was “subject to revision by June 2023 as the country is currently working with the secondary sources to update production figures”.
35th OPEC and non-OPEC Ministerial Meeting
04 Jun 2023 | In light of the continued commitment of the OPEC and non-OPEC Participating Countries in the Declaration of Cooperation (DoC) to achieve and sustain a stable oil market, and to provide long-term guidance for the market, and in line with the successful approach of being precautious, proactive, and pre-emptive, which has been consistently adopted by OPEC and non-OPEC Participating Countries in the Declaration of Cooperation, the Participating Countries decided to:
OPEC Secretary General stresses the importance of enhancing refining capacity
01 Jun 2023 | OPEC Secretary General, HE Haitham Al Ghais, underlined the importance of enhancing refining capacity globally to meet the growing demand for oil products.
OPEC Secretary General highlights DoC’s positive contributions to market stability
30 May 2023 | The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), HE Haitham Al Ghais, underscored the positive contributions made by OPEC Member Countries and non-OPEC oil-producing countries participating in the Declaration of Cooperation (DoC) to support sustainable stability in the global oil market.
OPEC offers its full support to the UAE COP28 Presidency
29 May 2023 | OPEC affirms it unwavering support to the UAE’s inclusive approach to this year’s COP 28 meeting and to its President-Designate, His Excellency Dr. Sultan Ahmed Al Jaber.
Innovation plays critical role in reducing emissions: OPEC Secretary General
22 May 2023 | OPEC Secretary General, HE Haitham Al Ghais, stressed that technological innovation will play a critical role in reducing emissions.
OPEC Secretary General: Energy transition must be fair and inclusive
22 May 2023 | OPEC Secretary General, HE Haitham Al Ghais, highlighted that the energy transition must be fair and inclusive, where no one would be left behind.
6th High-level Meeting of the OPEC-China Energy Dialogue
17 May 2023 | [Joint Conclusion] The Sixth High-level Meeting of the OPEC-China Energy Dialogue was held in Beijing, P.R. China, on 16 May 2023. The Meeting was co-chaired by HE Zhang Jianhua, Administrator of the National Energy Administration, the People’s Republic of China, and OPEC Secretary General, HE Haitham Al Ghais. The Permanent Representative of the People's Republic of China to the UN and other International Organizations in Vienna, HE Li Song, delivered an opening speech via video.
High-level experts meet for the 9th Joint IEA-IEF-OPEC Workshop on the Interactions between Physical and Financial Energy Markets
27 Apr 2023 | [Joint Press Release] The International Energy Agency (IEA), the International Energy Forum (IEF) and the Organization of the Petroleum Exporting Countries (OPEC) held the 9th Joint IEA-IEF-OPEC Workshop on the Interactions between Physical and Financial Energy Markets.
48th Meeting of the Joint Ministerial Monitoring Committee
03 Apr 2023 | The 48th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Monday, 03 April 2023.
2nd High-level Meeting of the OPEC-Africa Energy Dialogue concludes
12 Feb 2023 | [JOINT PRESS RELEASE] The 2nd High-level Meeting of the OPEC-Africa Energy Dialogue took place today, 12 February 2023, in Cairo involving leading energy partners from across the African continent.
JMMC reaffirmed their commitment to the DoC which extends to the end of 2023 as agreed in the 33rd OPEC and non-OPEC Ministerial Meeting (ONOMM) on 5th of October 2022
01 Feb 2023 | The 47th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Wednesday, 01 February 2023.