OPEC & Global Markets

The Opec+ production agreement was dealt a devastating blow in March 2020 when Opec producers were unable to sign Russia up to deeper cuts. The process has shown that while Opec is unable to bring about substantial price gains, its strength lies in the ability of its core members to flood the market and undercut prices.

OPEC & Global Markets

24 Jan, 2025

Featured

Trump’s Twin Desires

New US president Donald Trump’s oil industry backers are focused on their bottom line. But he has different ideas, ramping up pressure on them, as well as Saudi Arabia and other allies, to hike output in a bid for lower oil prices and increased US ‘energy dominance’.
USA Extends Its Lead As The World’s Top Petroleum* Exporter (mn b/d)
OPEC & Global Markets

31 Jan, 2025

Top Story

LNG Markets Set To Enter An Age Of Surplus?

Global LNG imports edged up in 2024 as China & India took more as prices eased. The market looks well supplied in 2025, veering into oversupply from 2026 as Qatar and US capacity ramps up. But potential project overruns and rapidly-evolving US policy could still throw a spanner in the works.
LNG- Top Five* Global Importers (mn tns): China Strengthened Its Lead Over Japan For 2024, Whilst India At Number Four Posted The Biggest Gains
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NEWS IN BRIEF

Algeria: Alrar Restart

21 Feb, 2025

Adnoc Gas Raises $2.84bn Through Secondary Offering

21 Feb, 2025

Dubai Tees Up MBR Solar Phase 7

21 Feb, 2025

Arabian Drilling & Shelf Team Up

21 Feb, 2025

Fujairah To Receive Rare Cargo Of Cameroon’s Lokele Crude

21 Feb, 2025

Sudan To Merge State Downstream Firms

21 Feb, 2025

Sudan: RSF Eyes ‘Government’

21 Feb, 2025

Oman-Mercuria 10-Year LNG Deal

21 Feb, 2025

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SELECTED DATA

Global LNG Exports - Top Three Suppliers (mn tons): US Strengthens Lead For 2024, Australia Also Ships Record Volumes As Overall Trade Edges Higher

The UAE’s Monthly Quota Is Set To Break Above 3.05mn b/d From September This Year

Key 2025-26 Global Oil Demand Forecasts: Opec Remains Far More Bullish Than Others (mn b/d)

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