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OPEC
Official OPEC account. An intergovernmental organisation comprised of 14 MC's which seeks to coordinate petroleum policies and support balance in the oil market
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OPEC 11h
Higher-than-expected oil production in Canada, the UK & Kazakhstan, was offset by downward production data for the US & Indonesia. US, Brazil, China, the UK, Australia & Canada are the key drivers of growth in 2019 while Mexico & Norway are projected to see the largest declines.
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OPEC 16h
Other Asia and China are assumed to be the largest contributors to oil demand growth with a combined addition of 0.68 mb/d. The OECD is projected to increase by 0.07 mb/d. Non-OECD is assumed to be the largest contributor to oil demand growth, rising by 1.01 mb/d.
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OPEC 21h
In 2019, global oil demand growth was unchanged, despite upward revisions to the Middle East in 3Q19 and 4Q19 offset by downward revision in OECD Americas, mainly to reflect weaker-than-expected demand in OECD Americas during 2Q19 and 3Q19.
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OPEC Nov 15
For 2020 growth forecast a downward revision is expected for the Euro-zone and Brazil’s forecast was revised up slightly. 🇪🇺Euro-zone 1.0%, 🇯🇵Japan 0.3%, 🇨🇳China 5.9%, 🇮🇳India 6.7%, 🇷🇺Russia 1.2%
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OPEC Nov 15
The OPEC Reference Basket (ORB) value declined by $2.45, or 3.9%, month-on-month in October to settle at $59.91/b. 📊ICE Brent was on average $2.65, or 4.3%, m-o-m lower at $59.63/b, and NYMEX WTI fell m-o-m by $2.96, or 5.2%, to average $54.01/b.
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OPEC Nov 15
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OPEC Nov 14
The Monthly Oil Market Report for November 2019 is now available 👉
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OPEC Nov 14
How can the world address its future energy needs in a sustainable, affordable and reliable way? There is no simple answer. It will involve the development,evolution and deployment of low-emission energy technologies combined with policies that encourage a mix of energy sources.
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OPEC Nov 14
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OPEC Nov 13
briefed journalists from international media outlets on the sidelines of . He also gave interviews to and the ADIPEC TV Channel. The SG briefed the media on the latest market developments & the impact of the DoC in balancing the oil market.
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OPEC Nov 13
SG visited a number of OPEC member countries stands at ADIPEC2019 including Saudi 🇸🇦 and UAE’s 🇦🇪. He also visited the stand of Egypt 🇪🇬 among others where he was briefed on their activities by their directors.
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OPEC Nov 13
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OPEC Nov 13
Replying to @OPECSecretariat
further highlighted that OPEC member countries will be required to meet the majority of the future longer-term demand requirements for oil, with demand for OPEC liquids projected to increase to around 44.4mb/d in 2040, up from 36.6mb/d in 2018.
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OPEC Nov 13
Replying to @HESuhail @AdnocGroup
The SG expressed OPEC’s appreciation to HH Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE 🇦🇪, , UAE’s Minister of Energy and Industry and Dr Sultan Ahmed Al Jaber, the UAE’s Minister of State and CEO of for their immeasurable support.
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OPEC Nov 13
Delivering his remarks at the presentation in , OPEC SG thanked the Govt of UAE, Energy Ministry, ADNOC, as well as the organisers of who have provided the platform for the presentation of the recently released .
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OPEC Nov 13
The live presentation of the 13th edition OPEC’s World Oil Outlook 2019 is happening now on the sidelines of in . The publication offers indepth review of the energy Industry’s various linkages and its shifting dynamics.
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OPEC Nov 12
Replying to @dpradhanbjp
During the meeting with SG, HE commended OPEC’s achievements in restoring stability to the oil market and its ongoing cooperation with oil-consuming countries.
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OPEC Nov 12
Replying to @OPECSecretariat
“ A game changing compendium of who is who in the E&P segments of the Nigerian Oil and Gas firmament.” A must read for potential investors entering into the Nigerian Upstream Oil and Gas Industry.
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OPEC Nov 12
OPEC SG met with directors of Trans4media; Estefania Borghetti and Lisa Gordillo together with Mohammed Baba from NNPC (NAPIMS) on the sidelines of who presented TOP TIER: The leading upstream companies in Nigeria.
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OPEC Nov 12
Replying to @OPECSecretariat
“We are very proud of what we have achieved in our discussions that covered multiple issues,” says of the bilateral meeting with HE Pradhan. They agreed to hold the next OPEC-India Energy Dialogue in Vienna in early 2020.
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