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

14 Mar, 2025

Featured

Oil Markets: Fog Of Trade War

The oil market is struggling to find its bearings as concerns mount over the impact of escalating trade tensions and uncertainty over US sanctions on Venezuela and Iran.
IEA Expects 600,000 B/D Of Stockbuilds This Year (mn b/d)
OPEC & Global Markets

21 Mar, 2025

Top Story

China Crude Imports Down For Jan-Feb 2025, Russia Still Top

Opec published updated compensation plans from overproducers this week. If fully implemented, these would fully offset monthly tapers until September.
China’s Top Crude Suppliers (Mn B/D, 3-Mth Moving Avg): Russia Retains Clear Lead As Saudi And ‘Malaysia’* Vie For Second
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NEWS IN BRIEF

BP Finalizes Kirkuk Entry

28 Mar, 2025

XRG: Mozambique LNG Entry

28 Mar, 2025

UAE: $1.4trn US Investment Pledge

28 Mar, 2025

Bahrain Oil Output: New Low

28 Mar, 2025

Genel Eyes Further Oman Growth

28 Mar, 2025

Oman: $7bn Products Exports

28 Mar, 2025

Qatar: Solar Generation Steady

28 Mar, 2025

Egypt Signs Up Siemens For 500MW Gulf Of Suez Wind

21 Mar, 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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