COP29, OPEC High-Level Dialogue Fosters Cooperation and Inclusivity

Enhanced Collaboration and Inclusion in the Energy Sector

In a historic joint effort, the COP29 Presidency and OPEC convened a High-Level Dialogue at the OPEC headquarters. This collaboration highlights the commitment of both organizations to strengthen cooperation and promote inclusivity within the energy sector. The dialogue focused on exploring opportunities to accelerate the transition to sustainable energy systems while ensuring a just and equitable transition for all.

Upcoming OPEC Events:

The OPEC High-Level Dialogue provided an opportunity to announce forthcoming OPEC events, including:

• 188th OPEC Conference
• 54th JMMC Meeting
• 37th ONOMM

These events will be held via videoconference and will further the ongoing discussions on global energy issues.

Saudi Arabia Invites OPEC Oil Ministers for June 2 Meeting

Saudi Arabia has extended an invitation to OPEC oil ministers to convene in Riyadh on June 2 for a policy meeting. The meeting will focus on a complex deal that may extend deep oil cuts. Industry experts anticipate that OPEC Plus will agree to extend voluntary cuts of 22 million barrels per day by eight of the group's members.

OPEC Invites Brazil to Join

In a move to foster global inclusivity, OPEC has extended an invitation to Brazil to join the organization. This invitation underscores OPEC's commitment to expanding its membership and collaborating with key energy producers worldwide.