Market
What will be OPEC's decision on oil production quotas for H2 2025?
2
Resolution / Starting Odds
Increase • 25%
Decrease • 25%
Maintain • 25%
No decision • 25%
Official OPEC press releases and meeting minutes
Story
OPEC Renews Haitham Al Ghais as Secretary-General, Sets Next Meeting for May 2025, Names New Chairman
Dec 10, 2024, 03:36 PM
The Organization of the Petroleum Exporting Countries (OPEC) has renewed Haitham Al Ghais's term as Secretary-General for an additional three years, starting August 1, 2025. The decision was made during the 189th Ordinary Meeting of the OPEC Conference. Al Ghais will continue to lead the organization until August 1, 2028. Additionally, the conference resolved that its next ordinary meeting will convene on May 28, 2025. Ademola Adeyemi-Bero, Governor of Nigeria for OPEC, was appointed as Chairman of the Board of Governors for 2025.
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Decreased • 25%
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No revision • 25%
Increased • 25%
Above 42 million bpd • 25%
41-42 million bpd • 25%
40-41 million bpd • 25%
Below 40 million bpd • 25%
Kuwait • 25%
Other • 25%
United Arab Emirates • 25%
Saudi Arabia • 25%
Exxon shifts focus to non-oil energy sectors • 25%
Exxon maintains 18% production increase • 25%
Exxon increases production beyond 18% • 25%
Exxon reduces production increase • 25%