OPEC Meeting Schedule 2017

OPEC (Organization of the Petroleum Exporting Countries)  –  intergovernmental organization founded in 1960 by the first 5 members. Now, OPEC – 13 petroleum-exporting nations Headquartered since 1965 in Vienna, Austria. The 13 countries account for 40% ofglobal oil production and 73% of the world’s “proven” oil reserves. OPEC Meetings a major influence on global oil prices…. (Official website)

OPEC’s stated mission:

“…to coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets, in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.”

OPEC Meeting Schedule 2017

(OPEC Meeting calendar )

 Month   Date Event
May 25 172nd (Ordinary) OPEC Meeting Vienna, Austria

OPEC Meeting Schedule 2016 

(OPEC Meeting calendar )

 Month   Date Event
June 02 169th (Ordinary) OPEC Meeting (Vienna, Austria)
September 28 170th (Extraordinary) Meeting of the OPEC Conference
November  30 171th (Ordinary) OPEC Meeting (Vienna, Austria)

An informal meeting of OPEC member countries is scheduled to take place on the sidelines of the 15th International Energy Forum which will take place in Algeria from 26 to 28 September 2016. (source: opec.org)

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OPEC Member Countries in 2016:

Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar Middle East, Saudi Arabia, United Arab Emirates, Venezuela

Sudan awaiting decision on its OPEC membership application (In October 2015, Sudan formally submitted an application to join OPEC)

OPEC countries Production – comparison table:

OPEC countries production

OPEC members ranking

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