News 2024
OPEC daily basket price stood at $71,94 a barrel Monday, 2 December 2024
03 Dec 2024 | Vienna, Austria, 3 December 2024--The price of OPEC basket of twelve crudes stood at $71,94 a barrel on Monday, compared with $72,45 the previous Friday, according to OPEC Secretariat calculations (view archives).
‘'Age of electricity' to follow looming fossil fuel peak’’: Analysis or Science Fiction?
18 Oct 2024 | Vienna, Austria, 18 October 2024--In launching its World Energy Outlook 2024 (WEO), the IEA stated that “the future of the global energy system is electric.” This follows its assertion that demand for coal, oil and gas will peak by the end of the decade. Furthermore, the IEA’s Executive Director stated, “In energy history, we’ve witnessed the Age of Coal and the Age of Oil – and we’re now moving at speed into the Age of Electricity, which will define the global energy system.”
OPEC’s World Oil Outlook 2024 to be launched in Rio de Janeiro on 24 September
10 Sep 2024 | Vienna, Austria, 10 September 2024--The Organization of the Petroleum Exporting Countries (OPEC) will launch the 18th edition of its World Oil Outlook (WOO) at ROG.e 2024 in Rio de Janeiro, Federative Republic of Brazil.
The event will be held in the ‘Palco Petrobras 1’ hall on Tuesday, 24 September 2024, at 14:00 (Rio de Janeiro time) / 19:00 (Vienna time).
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 “Charting 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’.