Press releases 2024

Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman met in person in Riyadh on the sidelines of the 37th OPEC and non-OPEC Ministerial Meeting (ONOMM)

02 Jun 2024 |

37th OPEC and non-OPEC Ministerial Meeting

02 Jun 2024 | 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 and transparency for the market, and in line with the 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:

COP29-OPEC High-Level Energy Dialogue

22 May 2024 | In a historical joint effort to enhance cooperation and foster inclusivity, the COP29 Presidency and OPEC today held a High-Level Dialogue at the OPEC headquarters in Vienna, ahead of the climate change conference COP29 which will be held in Baku, Azerbaijan from 11 to 22 November 2024.

OPEC conveys its condolences on the tragic passing of Iranian President Raisi

20 May 2024 | The Organization of the Petroleum Exporting Countries (OPEC) extends its sincerest and deepest condolences on the passing of HE Ayatollah Dr Ebrahim Raisi, President of the Islamic Republic of Iran, to his family, the leadership and people of the Islamic Republic of Iran, and the entire OPEC Family.

OPEC holds constructive workshop between Iraq, Kazakhstan and secondary sources on compensation plans

03 May 2024 | The 35th OPEC and non-OPEC Ministerial Meeting (ONOMM) held 04 Jun 2023 reiterated the critical importance of adhering to full conformity, and subscribing to the concept of compensation. Furthermore, the 53rd Meeting of Joint Ministerial Monitoring Committee (JMMC) held on 3 April 2024 stated that participating countries with outstanding overproduced volumes for the months of January, February and March 2024 will submit their detailed compensation plans to the OPEC Secretariat by 30 April 2024.

53rd Meeting of the Joint Ministerial Monitoring Committee

03 Apr 2024 | The 53rd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Wednesday, 03 April 2024.

10th Joint IEA-IEF-OPEC Workshop on the Interactions between Physical and Financial Energy Markets

26 Mar 2024 | [Joint Press Release] The International Energy Agency (IEA), the International Energy Forum (IEF) and the Organization of the Petroleum Exporting Countries (OPEC) held the 10th Joint IEA-IEF-OPEC Workshop on the Interactions between Physical and Financial Energy Markets.

The Seventh High-Level Meeting of the OPEC-China Energy Dialogue takes place in Vienna

19 Mar 2024 | [Joint Conclusion] The Seventh High-Level Meeting of the OPEC-China Energy Dialogue was held today, 19 March 2024, at the OPEC Secretariat in Vienna, Austria.

Several OPEC+ countries announce extension of additional voluntary cuts of 2.2 million barrels per day for the second quarter of 2024

03 Mar 2024 | The OPEC Secretariat noted the announcements of several OPEC+ countries extending additional voluntary cuts of 2.2 million barrels per day, aimed at supporting the stability and balance of oil markets.

OPEC and Africa exchange views on array of key energy issues

19 Feb 2024 | [Joint Press Release] The 2024 annual OPEC-Africa Energy Dialogue was held today in Cairo where participants conducted open and transparent discussions on a wide array of key topics related to energy and oil, including energy security, risk of underinvestment, climate change and energy transitions.

52nd Meeting of the Joint Ministerial Monitoring Committee

01 Feb 2024 | The 52nd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Thursday, 01 February 2024.

OPEC and non-OPEC oil-producing countries re-affirm commitment to unity, full cohesion and market stability through the Declaration of Cooperation (DoC)

03 Jan 2024 | At the outset of 2024, the OPEC Secretariat in consultation with OPEC Member Countries and the non-OPEC producing countries participating in the DoC, re-affirms the full commitment by the countries participating in the DoC to unity and cohesion, as well as their continued and unwavering efforts to maintain oil market stability going forward through the Declaration of Cooperation, signed on 10 December 2016 and further endorsed in subsequent meetings.

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