The following is the full text of OPEC Declaration on WOO 2024:

OPEC’s World Oil Outlook 2024 to be launched in Rio de Janeiro on 24 September

Vienna, Austria, 10 September 2024--The Organization of the Petroleum Exporting Countries (OPEC) will launch the 18th edition of its World Oil Outlook (WOO) at ROG.e 2024 in Rio de Janeiro, Federative Republic of Brazil.

The event will be held in the ‘Palco Petrobras 1’ hall on Tuesday, 24 September 2024, at 14:00 (Rio de Janeiro time) / 19:00 (Vienna time).

HE Haitham Al Ghais, Secretary General of OPEC, will deliver opening remarks, followed by a video and presentation highlighting the publication’s key findings. A panel discussion and a Q&A session will be held thereafter with management and analysts from the OPEC Secretariat’s Research Division.

First published in 2007, the WOO, one of the Organization’s flagship publications, provides an in-depth review and analysis of the global oil and energy industries and offers assessments of various scenarios in their medium- and long-term development. The publication also presents insights into key relevant issues, such as supply and demand, investment, the potential impact of policies and sustainable development, and a detailed analysis of the challenges and opportunities facing the global oil and energy industries.

HE Al Ghais said: “The World Oil Outlook has been a key reference tool for the industry since its first edition published in 2007, serving as a testament to the research quality of the Organization and those involved in producing the publication, including officials from OPEC Member Countries. By producing this annual publication, OPEC reaffirms its unwavering commitment to enhancing data transparency and facilitating knowledge sharing in support of data-driven decision-making.”

The WOO 2024 will be available in an interactive format and PDF on the OPEC website and via the OPEC App upon publication. More details will be provided in this regard following the launch.

Media and analysts requiring a copy of the publication prior to the scheduled launch event may request a 48-hour embargoed copy, which will be made available on Sunday, 22 September 2024, at 14:00 (Rio de Janeiro time) / 19:00 (Vienna time). Requests can be submitted to webeditor@opec.org.