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OPEC+ pledged significant output curbs this quarter in a bid to avert a surplus and shore up global prices.

The very acknowledgment of the war is an unusual step for the group's monthly report.

OPEC predicted an even tighter global oil market next year.

OPEC expects global oil markets to tip into surplus this quarter.

OPEC forecast that global oil demand will continue to increase strongly next year.

The Joint Ministerial Monitoring Committee, which includes group leaders Saudi Arabia and Russia, will convene in the first week of February.

OPEC's top official urged countries to invest much more in oil to meet the world's future energy needs and said climate policies need to be more “balanced and fair.”

OPEC's top official urged member countries in a letter to reject any agreements that target fossil fuels at COP28.

OPEC expressed encouragement after a commentary from the IEA telling the globe to ensure petroleum supply while transitioning to a clean energy future.

OPEC will have a pavilion at COP28.