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The Hafburg Palace receives visitors at the OPEC seminar conference on July 9-10 in Vienna.
Ruxandra iordache | Cnbc
For centuries, the romantic Hofburg Palace has been the winter residence of the Imperial Dynasty of Habsburg – this week, however, he welcomed Saudi Royalty, Energy Ministers, the main leaders and a number of analysts and more.
Here are some highlights:
Palace
Since 1965, the headquarters of the Secretariat of the Ok-Administrative Fundamentals of the 12-member of the OPEC-Alians producers have been housed in Vienna.
The Secretariat is headed by the Secretary-General, currently former official Kuwait Al-Gais, who took the post of his first three-year period in 2022 and has since been appointed in the second condition, starting on August 1, 2025.
Before the Covid-19 pandemic, the OPEC Secretariat became a modest background (often) daily, high level and hot discussion over raw levels between OPEC producers and their allies at least twice a year.
The Secretariat House is a cavernous building where journalists are usually brought into the basement. Occasionally, they are coming to the comments when they hunt comments when OPEC oil ministers and their-collectively known as OPEC+-.
Despite this, even the most nostalgic OPEC journalists acknowledge that the group seminar had a major place update.
The Hofburg Palace opened its gates to delegates and media for July 9-10 for a number of lessons focused on the state of oil market, hydrocarbon investment and the transition of green energy. The conference is attended by an invitation and accreditation.
For the OPEC seminar, the Hofburg Palace laid out a clumsy red carpet and armed with one of the halls that turned ballrooms with high -tech screens playing at the OPEC Cinema about the history of oil.
Secretary General of Okay Hatem al-Gais (L) and Saudi Energy Minister Abdulaz Bin Salman (R) at the OPEC seminar at the Hoffburg Palace, Vienna, July 9.
Ruxandra iordache | Cnbc
“I am sure that there are quite a few people with this event who would say, ‘Damn, why didn’t I have been there? “” Saudi Prince and Energy Minister Abdulaz Bin Salman, actually leader of the Guardian OPEC, said during special comments when the conference opened on Wednesday.
Recognizing the readiness of the Austrian government “to do everything possible for this organization to survive and work and present on its functions, unobstructed … legal problems and similar things,” he emphasized: “We are here because your country is beautiful, historical, and more importantly, people welcome.”
Protests
It turned out that the idyllic charm of Hofburg, which split, did not correspond to the megaphone.
By 4:45 pm local time on Wednesday, a group of about 30 people counting CNBC gathered at a respectful distance across the road from the palace to protest at the OPEC seminar.
Protective program led by singing, who did not want to identify it, stated that the demonstration had supported the Gaza Gaza States, which was aimed at retribution of the Israeli military campaign since the Hamas terrorist attacks on October 2023.
Protesters gather outside the Hofburg Palace, Vienna, during the OPEC seminar on July 9.
Ruxandra iordache | Cnbc
“Arab regimes sitting on rich oil resources give power to stop Israel’s expansion and challenge the West. But they decided to nourish the sale of US weapons and enrich their real estate while strengthening Europe’s borders,” one post on social media said.
On the ground chanting participants of the action, called for oil embargo and The closure of the Strait of the Highuz -Tho, who threatened Tehran during his 12-day war with Israel last month.
Many Arab states, including Hamas Iran, expressed solidarity with the Palestinian case. CNBC addressed the OPEC Secretariat to comment on the protests.
Red track
Anyone who speakers the OPEC seminar covered the ministers of OPEC countries, their allies, key consumers such as India and Turkey PP. Total energy. Shell And Saudi Aramk.
CNBC tried to intercept several of these delegations.
Ministers of the heavy weight of Russia and Iran, who would probably be abandoned by journalists against the background of pressure from European and US sanctions – were noticeably absent.
Iranian oil minister Mohsen has called the entrance comments through a video conference in a speech on Wednesday, which included some rare political comments. He emphasized the risks that armed escalation are in the rough markets, a few weeks after his country, the third largest OPEC producer was blocked in a 12-day war with Israel.
“This vital and growing industry needs peace to fulfill its mission to promote well-being at national, regional and global levels; and promote cooperation and development in a rapidly changing world,” he said.
The red track was set out to the OPEC seminar for July 9-10 at the Hofburg Palace in Vienna.
Ruxandra iordache | Cnbc
Coming on the conference, the members of the press cannot be delayed by their enthusiasm: OPEC+-I also its octopus, which conducted voluntary reduction of raw production-all more commonly found on a private video conference, limiting opportunities for press briefing.
At the OPEC seminar, the action does not begin on the red carpet. Often, the delegations remain, journalists often engage in hotels, hoping for unoccupied comments when ministers make their way to the conference. Emma Graham CNBC also compared the event with the wedding – no one is married, but journalists can again catch up with their friends who report the oil market.
Otherwise most reporting OPEC is now done through Scoops about And checking delegates for views on the market and indicators ahead – and during political meetings. The next is due to take place on August 3 between eight members who were gradually (and increasingly fast) Disabling voluntary production of 2.2 million barrels per day.
