The OPEC International Energy Forum 2024 was held in Riyadh, Saudi Arabia on February 21, 2024. The forum brought together energy ministers from member states of the Organization of the Petroleum Exporting Countries (OPEC) alongside independent oil-producing nations to discuss global energy issues.

Main theme:

Sustainable Energy: Securing the Global Energy Future

Forum discussions:

  • OPEC's role in the global energy market: participants discussed OPEC's role in safeguarding global energy security amid mounting challenges such as climate change and the shift toward renewable energy.
  • The impact of climate change on the energy industry: participants examined how climate change is affecting the energy industry and reviewed international commitments to reduce greenhouse gas emissions.
  • Investment in renewable energy: participants discussed the importance of investing in renewables to secure a sustainable energy future.
  • Energy efficiency: participants highlighted the importance of energy efficiency in reducing dependence on fossil fuels.
  • International cooperation on energy: participants stressed the importance of international cooperation on energy to address global challenges.

The forum issued a closing statement affirming the importance of international cooperation on energy to secure a sustainable energy future. The statement also called for increased investment in renewable energy and improved energy efficiency.

The OPEC International Energy Forum 2024 served as an important platform for discussing global energy issues, underscoring the importance of international cooperation on energy to secure a sustainable energy future.