Organization of the Petroleum Exporting Countries.
international organization of petroleum-exporting countries
- Reports this week
- 3
- Active events
- 0
- Connections
- 58
What's happening
Earlier this month
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Saudi Arabia leads a subgroup of OPEC, including Russia, maintaining current oil production targets amid regional conflict.Some support2 reports
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OPEC+ attempts to regain market share from the U.S. while Donald Trump seeks to boost domestic oil and gas output.Some support2 reports1 development inside
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Geopolitical tensions, U.S. sanctions, and structural changes within OPEC are impacting oil supply and market dynamics in the Middle East.Some support2 reports3 developments inside
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OPEC supported industry freedom from limits, with major players like ExxonMobil and Saudi Aramco being key participants.Some support1 report
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Global oil market dynamics are being shaped by divergent views on demand forecasts, US policy shifts under the Trump administration, slower EV uptake in Europe, and major export cuts from Gulf producers due to the Iran war.Well supported21 reports17 developments inside
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Azerbaijan confirmed its participation in OPEC+ while Alexander Novak announced capacity assessments for the group.Some support2 reports
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Trump commented on the thriving US-Venezuela relationship, noting OPEC production increases and US Treasury monitoring of oil shipments.Well supported6 reports
One to three months ago
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Global energy demand is being driven by various factors, including slower EV adoption in Europe, higher OPEC demand views than IEA's, and long-term growth in Latin America, the Middle East, and Africa.Well supported3 reports
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The ongoing Iran War is causing disruptions in the Strait of Hormuz, impacting global oil prices, which are subsequently affecting fuel prices in South Africa due to its reliance on OPEC oil.Some support2 reports1 development inside
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Diezani Alison-Madueke served as Nigeria's Petroleum Minister.Well supported5 reports
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Kyiv targeted southern ports, including Novorossiysk, while OPEC+ adhered to quotas and production decline was commented on by Alexander Novak.Some support1 report
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OPEC considers OECD demand expectations in its forecasts.Some support2 reports
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Iraq seeks higher oil production quota from OPEC.Some support1 report
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Amid ongoing regional tensions, Igor Sechin is challenging the market authority of OPEC, leading to high diesel prices and inflation expectations.Some support1 report
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OPEC countries, including Iraq and Kuwait, are leading the recent increase in oil output, with flows utilizing the Gulf region and Novorossiysk as a Black Sea export outlet.Some support1 report1 development inside
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The formation of OPEC is detailed, noting that Venezuela, Iraq, and Kuwait co-founded the organization, with Juan Pablo Pérez driving the idea. Venezuela is currently examining plans to leave OPEC.Some support2 reports
Gone quiet
No new reports in 90+ days-
Peace talks involving Donald Trump, OPEC, and Saudi Arabia are linked to military threats and driving up oil prices.Some support2 reports2 developments inside
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Trump threatens Iranian blockade, while UAE quits OPEC, driving oil surges and central banks monitor inflation.Well supported11 reports1 development inside
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UAE quits OPEC amid a Hormuz standoff, fueling inflation debates and rate hike discussions.Some support1 report
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Nigeria topped its OPEC quota in May, establishing Nigeria as Africa's leading oil producer from the Niger Delta region.Some support2 reports
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OPEC views are higher than IEA's regarding global oil market outlook.Some support1 report
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Trump halted strikes on Iranian oil infrastructure, which is subject to production decline, affecting market stability.Some support1 report
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Iran's actions reduced fears of hostilities, leading Trump to cancel threatened strikes and lower Brent oil forecasts.Some support2 reports
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Saudi Arabia guided OPEC+ to increase oil supplies, marking a shift from conflict to truce affecting energy exports.Speculative3 reports1 development inside
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Russia's Deputy Prime Minister met with Saudi Energy Minister to discuss energy policy.Some support2 reports
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BP and Shell reported Q2 earnings impacts on July 12, 2025, noting that unwinding production cuts affected crude oil prices, which in turn negatively impacted BP's results.Some support2 reports
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The oil industry is facing a market slowdown, leading to workforce reductions at companies based in Houston, while OPEC+ raises output amid global uncertainty.Some support1 report4 developments inside
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Qatar hosted the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) and major conferences.Some support2 reports
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What's reaching Organization of the Petroleum Exporting Countries
Events traced to Organization of the Petroleum Exporting Countries, step by step, newest first- How could the military escalation in the Persian Gulf affect the Organization of the Petroleum Exporting Countries?Military escalation may disrupt oil flow through the Strait of HormuzLikely
- How could the escalating military strikes in the Persian Gulf affect OPEC?Regional instability could strongly disrupt oil supply and market stability.Likely
- Attacks on Gulf shipping may disrupt OPEC's oil supply stabilityAttacks on Gulf shipping may disrupt OPEC's oil supply stabilityPossible
- Conflict in the Gulf may increase volatility for OPECRegional conflict and shipping threats increase volatility for OPECLikely
- How could attacks on regional energy infrastructure affect the Organization of the Petroleum Exporting Countries?Attacks on Gulf infrastructure may introduce significant uncertainty into global oil supply.Possible
- Red Sea shipping crisis may strain global oil supply for OPECRed Sea shipping disruptions may strain global oil supply and trade for OPEC membersPossible
See all 17 explainers
- OPEC faces supply threats as Iran closes Strait of HormuzOPEC faces strong supply threats as Iran declares Strait of Hormuz closedLikely
- Iraq's oil export losses may challenge OPEC's production stabilityIraq's oil export losses may challenge OPEC's production stabilityLikely
- Conflict escalation may disrupt oil supply and challenge OPEC stabilityConflict escalation threatens global oil supply routes and OPEC stabilityLikely
- OPEC may adjust strategy amid US production and China demandOPEC may need to adjust strategies amid US production and China's massive demandPossible
- Iran's threat to block Hormuz routes raises supply risk for OPECOPEC faces increased supply risk due to threats to block Strait of Hormuz routes.Possible
- Major oil producers' renewable energy push may challenge OPEC's futureRenewable energy push by Saudi Arabia, Kuwait, and Qatar may challenge OPEC's long-term mandatePossible
- New security pact could stabilize energy infrastructure for OPECRegional security pact expansion may stabilize energy infrastructure for OPEC members.Possible
- Iraq's push for higher exports may influence OPEC negotiationsIraq's push for higher exports may influence OPEC negotiationsPossible
- Conflict uncertainty may force OPEC to adjust production quotasSupply disruptions from Gulf nations may force OPEC to adjust production quotas.Likely
- G7 oil reserve releases may challenge OPEC's market controlG7 reserve releases may put downward pressure on prices, challenging OPEC's market control.Possible
- Regional conflict may threaten stability of oil supply managed by OPECThe Iranian Revolutionary Guard Corps attacks may threaten the stability of oil supply managed by OPECLikely
Explainers that pass through Organization of the Petroleum Exporting Countries
Organization of the Petroleum Exporting Countries is a step on the way to someone elseAround Organization of the Petroleum Exporting Countries this week
News at the entities that move Organization of the Petroleum Exporting Countries most-
Saudi Arabia OperationalTikTok is being used by young people in the Middle East, with studies examining its impact on the UAE economy.Moves Organization of the Petroleum Exporting Countries
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Kuwait StructuralThe RAF Regiment conducted deployments in Iraq, Liberia, Kuwait, Afghanistan, and the Pentagon, alongside new political appointments and legislation.Moves Organization of the Petroleum Exporting Countries
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Iraq StructuralKeith York served in combat tours in Iraq and worked remotely from Canyon.Moves Organization of the Petroleum Exporting Countries
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United Arab Emirates TransactionalAstraZeneca developed the drug Ultomiris, supported by the UAE's Emirates Drug Establishment (EDE).Moves Organization of the Petroleum Exporting Countries
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UAE TransactionalEricsson attended a Telecom Review Summit in the UAE, highlighting Huawei's long-standing engagement in the region.Moves Organization of the Petroleum Exporting Countries
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Kazakhstan StructuralAzerbaijan is expanding its energy corridors, facilitating wind and gas transport from Central Asia and connecting to Europe via Georgia and Bulgaria.Moves Organization of the Petroleum Exporting Countries
Connections
The 40 strongest of 58, analyzed from the reporting. The bars show how strongly a change on one side reaches the other.-
Saudi Arabia Operational
Saudi Arabia acts as the de-facto leader, guiding the strategic decisions and production targets of the OPEC cartel.
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Kuwait Structural
Kuwait is a producing member of the Organization of the Petroleum Exporting Countries (OPEC).
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Iraq Structural
Iraq is a member state whose oil production quotas and output are formally managed within the OPEC framework.
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United Arab Emirates Transactional
The UAE has formally withdrawn from the OPEC organization, marking the end of a long-term membership.
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Diezani Alison-Madueke Structural
Diezani Alison-Madueke held the formal leadership roles of President and Chair within OPEC.
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UAE Transactional
UAE announced its withdrawal from OPEC and the wider OPEC+ group.
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Kazakhstan Structural
Kazakhstan is a member of OPEC+, and the organization manages its oil production and integrates its national stance into collective output discussions.
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Algeria Structural
Algeria functions as a member state of OPEC, contributing to the collective production targets and market strategy.
Show all 40 connections
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International Energy Agency Operational
OPEC and IEA actively track each other's actions and frequently present divergent views on global oil demand forecasts.
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Middle East Operational
Geopolitical conditions and growth in the Middle East directly influence OPEC's operational output and demand.
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Igor Sechin Operational
Igor Sechin actively challenges the market authority and operational norms of OPEC.
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Brent Operational
OPEC's production and supply decisions directly influence the price movements of Brent crude.
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Alexander Novak Operational
Alexander Novak actively participates in and coordinates policy assessments for OPEC+.
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Saudi Aramco Structural
Saudi Aramco functions as a major producer and member within the Organization of the Petroleum Exporting Countries.
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Hormuz Operational
The operational status of the Strait of Hormuz acts as a critical choke point, directly influencing the oil availability and export capabilities of OPEC members.
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Donald Trump Operational
Trump engages in competitive rhetoric against OPEC, while OPEC's oil price movements influence his economic agenda.
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South Africa Structural
OPEC nations provide 30% of South Africa's required fuel supply.
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Venezuela Operational
Venezuela is currently reviewing its membership status in the OPEC oil cartel.
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Equatorial Guinea Structural
Equatorial Guinea is a member state of the Organization of the Petroleum Exporting Countries.
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Azerbaijan Structural
Azerbaijan maintains formal membership and participates in the OPEC+ agreement.
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Europe Operational
Europe's EV adoption trends directly influence the oil demand environment relevant to OPEC.
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India Operational
The relationship is characterized by ongoing bilateral dialogue concerning shared energy issues and market stability.
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OPEC incorporates demand expectations provided by the OECD into its forecasting processes.
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Caracas Operational
OPEC's production decisions influence the economic context of Caracas, which is also evaluating its membership status.
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Nigeria Operational
Nigeria exceeded its production quota set by the Organization of the Petroleum Exporting Countries.
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Reuters Mentioned together
Reuters reports and tracks data originating from the Organization of the Petroleum Exporting Countries, specifically regarding production quotas.
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Oman Operational
OPEC coordinates crude oil production levels, which directly affects the output and market position of member states like Oman.
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Egypt Shared context
The relationship is situated within the shared geopolitical context of global oil markets and production centers.
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Kharg Island Structural
Kharg Island functions as a contributing production site whose output is counted within the collective structure of OPEC.
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American Petroleum Institute Mentioned together
Both organizations are noted for their influence on market sentiment.
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Mohsen Paknejad Transactional
OPEC formally acknowledged Mohsen Paknejad by having its Secretary-General send condolences.
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Qatar Shared context
Qatar serves as the host country for OPEC headquarters and major conferences, providing a functional base for the organization's activities.
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Chile Shared context
Chile operates as a market consumer whose energy imports are influenced by OPEC market data and production decisions.
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Riyadh Shared context
Ministers of the Organization of the Petroleum Exporting Countries met in Riyadh for an energy forum.
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Abuja Shared context
Abuja is the location where Nigerian representatives attended OPEC meetings.
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Jorge Leon Mentioned together
Jorge Leon is noted for analyzing the market operations of OPEC+.
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LyondellBasell Shared context
OPEC's policy stance supports industry freedom, placing both entities within the broader global industrial context.
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Ras Tanura Shared context
Ras Tanura is a terminal location within the operational sphere of OPEC member states.
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Africa Operational
Africa's long-term growth is cited as a driver of demand expansion relevant to OPEC's market operations.
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Brent Mentioned together
Both entities are referenced within the context of lowered world oil demand growth forecasts.
History
Events by the month they beganNovember 2026
1 eventOctober 2026
2 eventsSeptember 2026
4 events- Kyiv targeted southern ports, including Novorossiysk, while OPEC+ adhered to quotas and production decline was commented on by Alexander Novak.
- OPEC considers OECD demand expectations in its forecasts.
- Iraq seeks higher oil production quota from OPEC.
- Amid ongoing regional tensions, Igor Sechin is challenging the market authority of OPEC, leading to high diesel prices and inflation expectations.
Show 3 earlier months
August 2026
2 events- OPEC countries, including Iraq and Kuwait, are leading the recent increase in oil output, with flows utilizing the Gulf region and Novorossiysk as a Black Sea export outlet.
- The formation of OPEC is detailed, noting that Venezuela, Iraq, and Kuwait co-founded the organization, with Juan Pablo Pérez driving the idea. Venezuela is currently examining plans to leave OPEC.
July 2026
5 events- Trump commented on the thriving US-Venezuela relationship, noting OPEC production increases and US Treasury monitoring of oil shipments.
- The ongoing Iran War is causing disruptions in the Strait of Hormuz, impacting global oil prices, which are subsequently affecting fuel prices in South Africa due to its reliance on OPEC oil.
- Peace talks involving Donald Trump, OPEC, and Saudi Arabia are linked to military threats and driving up oil prices.
- Trump threatens Iranian blockade, while UAE quits OPEC, driving oil surges and central banks monitor inflation.
- UAE quits OPEC amid a Hormuz standoff, fueling inflation debates and rate hike discussions.
June 2026
14 events- OPEC+ attempts to regain market share from the U.S. while Donald Trump seeks to boost domestic oil and gas output.
- Geopolitical tensions, U.S. sanctions, and structural changes within OPEC are impacting oil supply and market dynamics in the Middle East.
- Global oil market dynamics are being shaped by divergent views on demand forecasts, US policy shifts under the Trump administration, slower EV uptake in Europe, and major export cuts from Gulf producers due to the Iran war.
- Global energy demand is being driven by various factors, including slower EV adoption in Europe, higher OPEC demand views than IEA's, and long-term growth in Latin America, the Middle East, and Africa.
- Diezani Alison-Madueke served as Nigeria's Petroleum Minister.
- Nigeria topped its OPEC quota in May, establishing Nigeria as Africa's leading oil producer from the Niger Delta region.
- OPEC views are higher than IEA's regarding global oil market outlook.
- Trump halted strikes on Iranian oil infrastructure, which is subject to production decline, affecting market stability.
- Iran's actions reduced fears of hostilities, leading Trump to cancel threatened strikes and lower Brent oil forecasts.
- Saudi Arabia guided OPEC+ to increase oil supplies, marking a shift from conflict to truce affecting energy exports.
- Russia's Deputy Prime Minister met with Saudi Energy Minister to discuss energy policy.
- BP and Shell reported Q2 earnings impacts on July 12, 2025, noting that unwinding production cuts affected crude oil prices, which in turn negatively impacted BP's results.
- The oil industry is facing a market slowdown, leading to workforce reductions at companies based in Houston, while OPEC+ raises output amid global uncertainty.
- Qatar hosted the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) and major conferences.