OPEC’s World Oil Outlook to be launched in Riyadh on 9 October

No 17/2023
Vienna, Austria
02 Oct 2023

The Organization of the Petroleum Exporting Countries (OPEC) will launch the 17th edition of its World Oil Outlook (WOO) on Monday, 9 October 2023, at 11:00 (KSA time) in Riyadh, the Kingdom of Saudi Arabia.

The event will be held at King Abdullah Petroleum Studies and Research Center (KAPSARC).

HRH Prince Abdul Aziz Bin Salman, Minister of Energy of the Kingdom of Saudi Arabia, will participate as special guest of honour.

OPEC Secretary General, HE Haitham Al Ghais, will deliver the opening remarks, followed by a video outlining the publication’s key messages. The launch will also feature a panel discussion and, questions and answers session with management and analysts from the OPEC Secretariat’s Research Division.

First published in 2007, the WOO is one of the Organization’s flagship publications. It provides an in-depth review and analysis of the global oil and energy industries, and offers assessments of various scenarios in the medium- and long-term development of the oil sector.

The WOO also presents insights into related key issues, including supply and demand, investment, the potential impact of policies and sustainable development, and a detailed analysis of the challenges and opportunities facing the global oil and energy industries.

Secretary General Al Ghais said: “The World Oil Outlook demonstrates OPEC’s long-standing commitment to market stability through knowledge sharing and data transparency. The quality of the publication serves as a testament to the excellence of those involved in its production, including Member Countries’ officials and experts, and OPEC Secretariat specialists. We are confident that this year’s edition continues to contribute to a better understanding of the global oil and energy markets, and industry developments.

“It is appropriate that this edition is launched in Riyadh in view of the leadership role Saudi Arabia has played to help bring stability and balance to global oil markets”, The Secretary General added.

The WOO 2023 will be available in an interactive format and PDF on the OPEC website and via the OPEC app upon publication. More details will be provided in this regard following the launch.

Media and analysts requiring a copy of the WOO prior to the scheduled launch event may request a 48-hour embargoed copy, which will be made available on Saturday, 7 October 2023, at 10:00 (CEST). Requests can be submitted to [email protected].