Oil Prices Today WTI Crude $64.15/bbl, Bonny Light $71.89/bbl, OPEC $66.65/bb

05 Feb Oil Prices Today WTI Crude $64.15/bbl, Bonny Light $71.89/bbl, OPEC $66.65/bb

(Oilandgaspress) The International Energy Agency (IEA), the International Energy Forum (IEF), and the Organization of the Petroleum Exporting Countries (OPEC) today convened the world’s most influential policymakers in the global energy transformation at the 16th IEA-IEF-OPEC Symposium on Energy Outlooks.

Held under the patronage of His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy of Saudi Arabia, and hosted by the IEF, the Symposium also marked the release of the IEF Outlooks Comparison Report to inform session discussions The document compares the key scenarios and underlying methodologies of the IEA and OPEC’s most recent outlooks, which offer vital analysis of the energy transformation, designed to increase predictability and help investors make informed decisions.

The annual flagship event convenes senior decision-makers, analysts, and industry leaders for producer–consumer discussions on energy security, focused on delivering secure, affordable, and sustainable energy for all. The symposium provides an inclusive platform for open dialogue, enabling the exchange of perspectives among a broad range of stakeholders.

Peer review and methodological exchange enhance the consistency of historical baseline data and improve transparency in modelling approaches. This supports a better understanding of projected energy supply and demand across short-, medium-, and long-term horizons, and enables stakeholders to assess outlooks against evolving market conditions, technological developments, and rapidly evolving policy frameworks.

Hosted by the IEF at the King Abdullah Petroleum Studies and Research Center (KAPSARC), the meeting was convened under the leadership of IEF Secretary General Eng. Jassim Alshirawi, IEA Executive Director Dr. Fatih Birol, and OPEC Secretary General H.E. Haitham Al Ghais. The Director General of the International Renewable Energy Agency (IRENA) participated as a guest organization. Related News

Oil and gas prices continues to be affected by ongoing geopolitical-driven uncertainty, especially around expected U.S.–Iran nuclear talks.

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