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OPEC Revises Forecasts and Cadre: Decline in Global Oil Demand Expected
OPEC has revised its expectations for global oil demand in 2024 and 2025 downwards for the fifth time in a row. At the same time, the organization is celebrating the eighth anniversary of the “Declaration of Cooperation” and appointing new leaders.
December 12, 2024
OPEC Celebrates 64 Years of Shaping the Global Oil Industry
The Organization of the Petroleum Exporting Countries (OPEC) marked a significant milestone this September as it celebrated its 64th anniversary. For more than six decades, OPEC has played a crucial role in stabilizing the global oil market, fostering international cooperation, and championing the sovereignty of oil-producing nations over their natural resources.
September 19, 2024
Austrian and Costa Rican Foreign Ministers Celebrate 150 Years of Diplomatic Relations
The Minister of Foreign Affairs of Costa Rica, Dr. Arnoldo André, met with his Austrian counterpart, Alexander Schallenberg, to discuss a broad agenda of bilateral and multilateral issues in the context of the celebration of 150 years of diplomatic relations between both countries.
May 9, 2023
Austria's Position on the Russia-Ukraine Conflict
Despite ongoing diplomatic efforts, tensions between Russia and Ukraine remain high as Russia still has thousands of troops stationed on the Ukrainian border. Read Austria's position on the issue.
January 22, 2022
Venezuela and Colombia Receive Support from Austria
In the midst of a humanitarian crisis in Venezuela and Colombia, the Austrian government has decided to support the two Latin American countries and to additionally substantially increase the UNHCR funding. Read more below.
June 28, 2021
Influential OPEC Fund Celebrates 45th Anniversary
The Vienna-based OPEC Fund for International Development marks its 45th anniversary today. Since inception in 1976 by the Member States of OPEC, the multilateral development finance institution has approved more than US$25 billion in essential financing for 135 partner countries.
January 28, 2021
Schallenberg Wants to Work Shoulder to Shoulder with United States
At the Foreign Affairs Council of the EU in Brussels the Foreign Ministers discussed transatlantic relations, the continuing tensions with Turkey and current trouble spots such as Ethiopia and Belarus. Austria's Minister Schallenberg hopes for improved relations between the United States and the EU in the near future.
December 7, 2020
OPEC in Vienna Decides to Keep Production Unchanged
The Organization of the Petroleum Exporting Countries (OPEC) today hosted its 167th Meeting of the OPEC Conference at the OPEC Secretariat in Vienna. Participants included OPEC Heads of Delegation and the Secretary General. There were some expectations that the production goal of 30 million barrels a day could move higher. However, the key issue the market was looking for will remain at 30 million barrels a day.
June 5, 2015
OPEC Member Countries Discuss Global Petroleum Development Strategies in Vienna
The 6th OPEC International Seminar, with the theme "Petroleum - An Engine for Global Development", aims to build on the previous events from the past decade. It is currently taking place at the Imperial Hofburg Palace in Vienna. The Seminar intends to underpin OPEC’s commitment to stabilize the international oil market by promoting cooperation and dialogue with stakeholders around the world.
June 3, 2015
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