The latest news about the effectiveness of coronavirus vaccines, which have pushed oil prices to their highest level since their fall in April, may have made it more difficult to reach an agreement. In response to these higher prices, some oil producers saw less need to maintain supply and wanted to increase pumps to try to improve nearly a year with gloomy oil yields. 30 Sep 2020 | Vienna, Austria, September 30, 2020 — The OPEC secretariat held the 18th climate change coordination meeting today by video conference. The agreement marks a compromise after sharp differences earlier this week among a group of producers who for months have been relatively concerted and have agreed to sharply cut production in order to stabilize oil markets. The coronavirus pandemic weighed on global demand at the beginning of the year, pushed up prices and weighed on the finances of major producers such as Saudi Arabia and Russia. 06 Oct 2020 | Vienna, Austria, October 6, 2020 — The OPEC secretariat today held the first technical workshop of OPEC and the African Energy Commission (AFREC) by video conference. Oct 22, 2020 | [Joint press release] The International Energy Agency (IEA), the International Energy Forum (IEF) and the Organization of the Petroleum Exporting Countries (OPEC) met today by video conference for the 7th IEA-IEA-OPEC workshop on interactions between physical and financial energy markets. 11.11.2020 | Vienna, Austria, November 11, 2020-OPEC Secretary General Mohammad Sanusi Barkindo today participated in a ministerial roundtable organized by the Forum of Gas Exporting Countries (GECF) to discuss natural gas and its key role as an energy source in a post-COVID world. 01 Oct 2020 | Vienna, Austria, October 1, 2020 — The OPEC secretariat today held a technical workshop via video conference to discuss global oil demand and non-OPEC supply forecasts. 08 Oct 2020 | The OPEC World Oil Outlook (WOO) 2020 was presented today in Vienna, in Austria, and provides the OPEC secretariat with a detailed overview of the unprecedented scale and impact of the COVID-19 pandemic on global energy and oil markets, an assessment of the medium- and long-term outlook, and an analysis of various alternative scenarios and sensitivities that have the potential to influence the oil industry in the coming years.
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