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OPEC to launch World Oil Outlook at ADIPEC

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The 2022 Organisation of Petroleum Exporting Countries (OPEC) World Oil Outlook (WOO) will be launched at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2022 in the United Arab Emirates (UAE).

OPEC in a statement obtained from its website on Friday said the launch would be held in the ICC Room on Oct. 31, 2022.

First published in 2007, the WOO provides an in-depth review and analysis of the global oil and energy industries, and offers assessments of various scenarios in the medium-and long-term development of the oil industry.

It said OPEC’s Secretary-General, Haitham Al Ghais, along with OPEC experts, would present the major findings of the WOO 2022, as well as introduce a video with key messages from the publication’s 16th edition.

This, it said would be followed by a panel discussion and Questions and Answers session with management and analysts from OPEC’s Research Division.

According to the statement, the launch will also feature keynote remarks from ministers and the chief executive officers of oil companies.

“The publication provides insights into the upstream and downstream, supply and demand, investments, the potential impact of policies, and issues related to environment and sustainable development.

“It also provides expert analysis of many of the challenges and opportunities facing the global oil and energy industry,” it said.

The statement quoted Al Ghais as saying: “The WOO is an indispensable reference tool that underscores the organisation’s commitment to impartial analysis, data transparency and the enhancement of dialogue and cooperation.

“This is extremely valuable given events in 2022, and the challenges and opportunities the energy industry will face in the years and decades ahead.”

ADIPEC 2022, which will be held under the Patronage of His Highness Sheikh Mohamed Bin Al Nahyan, President of the UAE, will be hosted by the Abu Dhabi National Oil Co (ADNOC).

This year’s event focuses on helping the energy industry tackle the dual challenge of meeting today’s growing energy needs with fewer emissions, and investing in the systems of tomorrow.

This year’s publication will again be accompanied by a smart app to give increased access to the WOO’s vital analysis and energy data, as well as a comprehensive website version. (NAN)

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