Organization of the Petroleum Exporting Countries.
international organization of petroleum-exporting countries
- Reports this week
- 9
- Active events
- 3
- Connections
- 57
What's happening
Active this week
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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 supported18 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
Earlier this month
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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
One to three months ago
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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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Geopolitical tensions, U.S. sanctions, and structural changes within OPEC are impacting oil supply and market dynamics in the Middle East.Some support2 reports2 developments inside
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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
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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
Gone quiet
No new reports in 90+ days-
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 support1 report
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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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OPEC+ attempts to regain market share from the U.S. while Donald Trump seeks to boost domestic oil and gas output.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
No events began in the chosen period. Widen it, or reset.
What's reaching Organization of the Petroleum Exporting Countries
Events traced to Organization of the Petroleum Exporting Countries, step by step, newest first- Red Sea shipping crisis may strain global oil supply for OPECRed Sea shipping disruptions may strain global oil supply and trade for OPEC membersPossible
- 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
See all 12 explainers
- 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 OperationalDAA International is expanding its global airport operations, designing a terminal in Vietnam and managing facilities in Saudi Arabia.Moves Organization of the Petroleum Exporting Countries
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Middle East OperationalIndia reported strong economic performance despite ongoing conflicts in the Middle East region.Moves Organization of the Petroleum Exporting Countries
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Iraq StructuralAndy Burnham campaigns in Holborn, criticizes Tony Blair's Iraq past, and Nigel Farage benefits from EU reversal talk.Moves Organization of the Petroleum Exporting Countries
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Kuwait StructuralIran allegedly conducted strikes on multiple Gulf states, including Kuwait, Bahrain, Saudi Arabia, and Qatar, while Trump commented on the escalation.Moves Organization of the Petroleum Exporting Countries
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United Arab Emirates OperationalClooney's organization investigated alleged funding of mercenaries involving Abu Dhabi and UAE financial institutions.Moves Organization of the Petroleum Exporting Countries
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Kazakhstan StructuralMoldovan company faces fines and investigation over data practices involving European countries and Russian servers.Moves Organization of the Petroleum Exporting Countries
Connections
The 40 strongest of 57, analyzed from the reporting. The bars show how strongly a change on one side reaches the other.-
Iraq Structural
Iraq is a member state whose oil production quotas and output are formally managed within the OPEC framework.
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Saudi Arabia Operational
Saudi Arabia acts as the de-facto leader, guiding the strategic decisions and output 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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United Arab Emirates Operational
The UAE actively engages with OPEC, frequently joining or withdrawing based on its strategic goals for crude oil production and market control.
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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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UAE Transactional
UAE announced its withdrawal from OPEC and the wider OPEC+ group.
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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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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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Middle East Operational
Middle East geopolitical conditions and growth drive the operational decisions and market dynamics of OPEC.
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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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Igor Sechin Operational
Igor Sechin actively challenges the market authority and operational norms of OPEC.
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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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Saudi Aramco Structural
Saudi Aramco functions as a major producer and member within the Organization of the Petroleum Exporting Countries.
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Alexander Novak Operational
Alexander Novak actively participates in and coordinates policy assessments for OPEC+.
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Brent Operational
OPEC's supply and production decisions directly influence the price movements of Brent crude.
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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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Europe Operational
Europe's EV adoption trends directly influence the oil demand environment relevant to OPEC.
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Azerbaijan Structural
Azerbaijan maintains formal membership and participates in the OPEC+ agreement.
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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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Mohsen Paknejad Transactional
OPEC formally acknowledged Mohsen Paknejad by having its Secretary-General send condolences.
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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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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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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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Brent Mentioned together
Both entities are referenced within the context of lowered world oil demand growth forecasts.
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Jorge Leon Mentioned together
Jorge Leon is noted for analyzing the market operations of OPEC+.
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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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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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Latin America Shared context
Latin America's long-term growth contributes to demand expansion, placing it within the global market context influenced by OPEC.
History
Events by the month they beganOctober 2026
1 eventSeptember 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.
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.
Show 2 earlier months
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- 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.
- Geopolitical tensions, U.S. sanctions, and structural changes within OPEC are impacting oil supply and market dynamics in the Middle East.
- 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.
- OPEC+ attempts to regain market share from the U.S. while Donald Trump seeks to boost domestic oil and gas output.
- 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.