The beautiful game of football depends on petroleum products #OilChangedEverything

On #FathersDay, the #OPEC family honors fathers and mentors who inspire us every day. Thank you for building a foundation of strength and wisdom for the generations to come. Happy Father’s Day

The 20th edition of OPEC’s World Oil Outlook 2026 will be launched on 18 June 2026 at 2pm (CEST) via livestream. The launch of this flagship annual publication symbolizes OPEC’s long-standing commitment to promoting data transparency and fostering enhanced collaboration among global energy stakeholders. Stay updated and follow the launch on 18 June 2026 via opec.org #OPECWOO #WOO2026

In May, crude oil production by countries participating in the DoC decreased by 0.19 mb/d, m-o-m, to average about 33.13 mb/d, according to available secondary sources #MOMR

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

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 #MOMR

The #OPEC Family presents its heartfelt congratulations to the Russian Federation on their national day. Russia is a member of the OPEC and non-OPEC Declaration of Cooperation.

Global oil demand in 2027 is forecast to grow by about 1.7 mb/d, y-o-y, following an upward revision of about 0.2 mb/d from last month’s assessment. The OECD is forecast to grow by 0.2 mb/d, while the non-OECD is forecast to grow by about 1.5 mb/d #MOMR

With oil prices frequently making headlines, there are many misconceptions about who benefits from the price consumers pay for products such as gasoline, diesel, and jet fuel. This annually updated brochure aims to clarify one of these common misunderstandings by addressing one simple but important question: Who is getting what from the price paid for oil? Find out more here opec.org/who-gets-what-from-…

Global oil demand is forecast to grow by a healthy 1.0 mb/d in 2026, y-o-y. The OECD is forecast to grow by about 0.1 mb/d, while the non-OECD is forecast to grow by about 0.9 mb/d #MOMR

The June 2026 edition of #OPEC’s Monthly Oil Market Report is now available online. Download⏬ momr.opec.org/pdf-download/ #OPECMOMR

There's more to oil than just fueling cars. From farm machinery to fertilizers and food packaging, petroleum plays a hidden role in what we eat.

Oil keeps cities moving, connects people to their homes and workplaces, and powers our daily commute #OilChangedEverything

Petroleum products enable leisure and sports. From tennis to football gear, oil is part of the play #PetroleumProducts #OilChangedEverything

The 41st OPEC and non-OPEC Ministerial Meeting (ONOMM) was held today via videoconference under the Chairmanship of HRH Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of the Kingdom of Saudi Arabia, and Co-Chair HE Alexander Novak, Deputy Prime Minister of Russian Federation.   Read Press Release: opec.org/pr-detail/1783605-7…

Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman adjust production and reaffirm commitment to market stability. Read Press Release ➡️ opec.org/pr-detail/1781604-7…

Approximately 45% of smartphones are made from petroleum-derived plastics. Components such as cell phone towers, circuit boards, display screens, and durable polycarbonate casings, as well. From enabling communication and connectivity to supporting the digital economy, oil and its derivatives continue to contribute to technologies that keep the world connected. #OilChangedEverything

Leisure activities rely on oil #OilChangedEverything

On the sidelines of SPIEF 2026, HE Haitham Al Ghais, OPEC Secretary General, held a constructive meeting with HE Ricardo Menéndez, Sectoral Vice President for Planning of the Bolivarian Republic of Venezuela and his accompanying delegation. HE Menendez expressed his appreciation to the efforts placed by OPEC and OPEC in enabling sustainable oil market stability and underlined the importance of such ongoing efforts for Venezuela and its national economic growth and development plans. HE Al Ghais acknowledged the role of Venezuela in OPEC under the able leadership of HE Dr Delcy Rodriguez, Acting President of the Bolivarian Republic of Venezuela, in supporting the decisions of the OPEC and non-OPEC Declaration of Cooperation (DoC) since 2016, and appreciated Venezuela’s role as a founding member of OPEC over the years and decades. HE Al Ghais also commended the efforts being undertaken by the Venezuelan Government and its oil and gas sector in restoring stability and growth to the critically important energy sector of the country and highlighted its importance for the national economy.

OPEC Secretary General, HE Haitham Al Ghais, participated today in a Ministerial Panel Session on ‘Global Energy Systems: How the World’s Energy Sector Responds to Challenges and Risks’ during the St. Petersburg International Economic Forum 2026 (@SPIEF) in Russia. In his remarks, HE Al Ghais underscored the pivotal role of OPEC and the countries participating in the Declaration of Cooperation (DoC), highlighting the DoC’s role in promoting energy dialogue and cooperation, thereby supporting the stability of the oil market, as well as safeguarding the long-term interests of both producers and consumers as well as the overall global economy. Other high-level dignitaries in the session included HRH Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of Saudi Arabia, HE Alexander Novak, Deputy Prime Minister of the Russian Federation, HE Karim Badawi, Minister of Petroleum and Mineral Resources of Egypt, HE Dubravka Djedovic Handanovic, Minister of Mining and Energy of Serbia, HE Dr Philip Mshelbila, GECF Secretary General, Mr Kirill Dmitriev, Special Representative of the President of the Russian Federation for Investment and Economic Cooperation with Foreign Countries and Mr Alexander Dyukov, Chairman of Gazprom Neft.