Students from different universities across the United States were welcomed today from St. Lawrence University and the Austro-American Institute to the #OPEC Secretariat in Vienna, Austria. The students had the opportunity to discover more about OPEC’s history, mission and role in the global energy landscape, while exploring key issues shaping the future of energy. OPEC values opportunities to engage with the public, foster dialogue and promote a deeper understanding of global energy issues. #OPECGroupVisit #EnergyEducation

The OPEC Secretariat held a Statistical Capacity Building Workshop today for technical delegates from Member Country Congo.

The purpose of this workshop is to provide a collaborative platform for data sharing and technical engagement between the OPEC Secretariat and member country Congo, and to drive continuous improvements in data exchange and deepen understanding of relevant methodologies.

In his welcoming remarks, Dr Ayed Al-Qahtani, the Director of Research Division, noted that “statistical capacity building workshops such as this serve as vital tools for OPEC to support our Member Countries and reinforce the guiding principles of the Organization, including the promotion of credibility, integrity, and transparency in decision-making.”

From hiking boots to helmets, many outdoor essentials are made of oil-derived materials. #OilandleisureActivities

Highlights of the 174th Meeting of OPEC's Board of Governors, held at the #OPEC Secretariat in Vienna, Austria, on 20-21 October 2026.

To meet the growing oil demand, required primary refining capacity additions are projected at 19.3 mb/d at the global level. In addition, required secondary capacity additions over the outlook period are also substantial, with 20.7 mb/d of desulphurization capacity, 10.9 mb/d of conversion capacities and 6.1 mb/d of gasoline upgrading units. #OPECWOO

The first day of the 174th Meeting of OPEC’s Board of Governors (BoG) has concluded at the OPEC Secretariat in Vienna. Chaired by Eng. Yousef Al Salem, Saudi Arabia’s Governor for #OPEC and Chairman of the BoG, the two-day meeting brings together Governors to deliberate on key administrative, financial and strategic matters concerning the Organization.

Today, #OPEC welcomed a group of students from the International Christian School of Vienna to its Secretariat. During the visit, students learned about OPEC’s history, mission and role in the global energy market, gaining insights into the Organization’s activities and its efforts to support oil market stability. #OPECGroupVisits

OPEC’s Audit Committee convened today for its 18th Meeting, chaired by Eng. Yousef Al Salem, Saudi Arabia’s Governor for #OPEC, ahead of the 174th Meeting of the Board of Governors on 20–21 October 2026.

Happy Day of the Restoration of Independence! The #OPEC Family congratulates the people of the Republic of Azerbaijan on this special day. Azerbaijan is a member of the OPEC non-OPEC Declaration of Cooperation.

When you pay at the pump, where does your money go?

Today, half of the world’s population is fed by food grown with synthetic fertilizers and oil plays a vital role in making this possible. #OilChangedEverything

#OPEC is delighted to invite all attendees of African Energy Week 2026 #AEW2026 in Cape Town to visit our booth at the Cape Town International Convention Centre (CTICC 1). We look forward to engaging with you on the future of energy!

Today at the African Energy Week in Cape Town South Africa, Dr. Abderrezak Benyoucef, Head of the Energy Studies Department at OPEC, delivered a presentation highlighting the key findings from the OPEC’s World Oil Outlook (WOO) 2026. The presentation underscored the world’s growing energy demand, which is projected to increase by 23% by 2050. Furthermore, it was underlined that this year’s WOO features a dedicated chapter on Africa, highlighting the continent’s potential to become one of the key drivers of global economic growth and energy demand in the coming decades.

Watch the highlight video of #OPEC’s participation at the 17th International Energy Forum Ministerial Meeting (IEF17) and the 25th World Petroleum Congress (WPC), held in Riyadh, Kingdom of Saudi Arabia, from October 11–15, 2026. These landmark events brought together global energy leaders to shape the future of the industry.

At the African Energy Week, taking place on 12-16 October 2026 in Cape Town South Africa, Dr. Abderrezak Benyoucef, Head of the Energy Studies Department at OPEC, participated in a panel discussion titled “OPEC-Africa Session: Africa’s Role in Long-Term Global Energy Markets”. Dr Benyoucef shared OPEC’s outlook on Africa’s energy demand. It was highlighted that demand for all energy sources is expected to grow in the medium to long term, while oil will remain the cornerstone of Africa’s energy landscape, accounting for 30% of the energy mix by 2050. Oil demand in Africa is projected to reach 9.2 mb/d by 2050. #AEW2026

In September, crude oil production by countries participating in the DoC increased by 0.90 mb/d, m-o-m, to average about 39.07 mb/d, according to available secondary sources. #OPECMOMR

HE Haitham Al Ghais, Secretary General of OPEC, delivered a keynote address at the African Energy Week, taking place between 12-16 October 2026 in Cape Town, South Africa.   In a session titled “OPEC-Africa Roundtable: Africa's Role in Long-Term Global Energy Markets”, HE Al Ghais highlighted that “Energy demand in Africa is expected to increase from 17.5 mboe/d in 2025 to 29.3 mboe/d in 2050, given its expanding population and accelerating economy”.   HE Al Ghais emphasised that when considering Africa’s role in the future of the energy industry, due regard must be given to tackling two critical issues, namely energy investments and energy poverty. With this, all forms of energy will be necessary to tackle these issues. #AEW2026

In 2027, non-DoC liquids production is forecast to grow by about 0.6 mb/d, also unchanged from last month’s assessment. This growth will mainly be driven by Qatar, Canada, Brazil, and Argentina. #OPECMOMR

Non-DoC liquids production (i.e., liquids production from countries not participating in the Declaration of Cooperation) is forecast to grow by about 0.6 mb/d, y-o-y, in 2026, unchanged from last month’s assessment. The main drivers of liquids production growth are expected to be Brazil, the US, Canada, and Argentina. #OPECMOMR

On the sidelines of the 25th WPC Energy Congress, OPEC’s Public Relations & Information Department welcomed delegates to the OPEC booth in the Riyadh Front Exhibition & Conference Center. The booth showcased key OPEC flagship publications and engaged visitors in discussions about developments in the global energy industry.