News 2024

OPEC daily basket price stood at $82.77 a barrel Monday, 22 July 2024

23 Jul 2024 | Vienna, Austria, 23 July 2024--The price of OPEC basket of twelve crudes stood at $82.77 a barrel on Monday, compared with $84.81 the previous Friday, according to OPEC Secretariat calculations (view archives).

OPEC to hold its 9th International Seminar in Vienna on 9-10 July 2025

03 Jul 2024 | Vienna, Austria, 3 July 2024--The Organization of the Petroleum Exporting Countries (OPEC) will host the 9th OPEC International Seminar at the Imperial Hofburg Palace in Vienna, Austria, on 9-10 July 2025, under the theme “Chartering Pathways Together: The Future of Global Energy”.

OPEC launches its 2024 Annual Statistical Bulletin

02 Jul 2024 | Vienna, Austria, 2 July 2024--The Organization of the Petroleum Exporting Countries (OPEC) today launched the 2024 edition of its Annual Statistical Bulletin (ASB).

OPEC’s Annual Statistical Bulletin 2024 to be launched on 2 July

01 Jul 2024 | Vienna, Austria, 1 July 2024--The Organization of the Petroleum Exporting Countries (OPEC) will launch the 2024 edition of its Annual Statistical Bulletin (ASB) on Tuesday, 2 July 2024, at 14:00 at the OPEC Secretariat in Vienna, Austria. The event will be held in a hybrid format.

Al Ghais: Peak oil demand not on the horizon

13 Jun 2024 | Vienna, Austria, 13 June 2024--In a recent article published by Energy Aspects, HE Haitham Al Ghais, OPEC Secretary General, emphasized that oil is set to play a key role in human lives for years and decades to come. “Peak oil demand is not on the horizon,” he stated.

Al Ghais: It’s about reducing emissions, not oil demand

26 Apr 2024 | Vienna, Austria, 26 April 2024--OPEC Secretary General, HE Haitham Al Ghais, wrote an opinion piece for the media platform Middle East Economic Survey (MEES) entitled “It’s about reducing emissions, not oil demand”, in which he challenged recent narratives alluding to “the end of oil”.

Oil Security: vital for all

13 Mar 2024 | Vienna, Austria, 13 March 2024--We took note of the International Energy Agency (IEA) reaffirming the significance of oil security to energy transitions in its most recent commentary: ‘A strong focus on oil security will be critical throughout the clean energy transition’.