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

7 Mar, 2025

Featured

Opec+ April Taper

Opec+ will begin easing production cuts in April in line with its December roadmap, despite geopolitical uncertainty and falling prices threatening another deferral.
Cumulative Return Of Barrels* Under New Opec+ Roadmap To Unwind 2.2mn b/d Of Voluntary Cuts (‘000 b/d)
OPEC & Global Markets

14 Mar, 2025

Top Story

Oil Markets: The 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)
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NEWS IN BRIEF

Egypt Signs Up Siemens For 500MW Gulf Of Suez Wind

21 Mar, 2025

Algeria Breaks Ground On 80MW Solar

21 Mar, 2025

ADQ To Power US AI

21 Mar, 2025

Carlyle-Energean Deal Terminated

21 Mar, 2025

Opec Publishes Updated Compensation Plans

21 Mar, 2025

Kuwaiti Power Minister Resigns

14 Mar, 2025

Total Starts Work On 1GW Iraq Solar

14 Mar, 2025

Libya Restarts Mabruk Oil Field

14 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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