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

9 Jan, 2026

Featured

Opec+ In 2025

2025 was a challenging one for oil markets, but amid the chaos Opec+ managed sizeable production growth. More of the same in 2026?
The UAE Is On Course For Another Record Production Year (mn b/d)
OPEC & Global Markets

9 Jan, 2026

Top Story

USA Takes Over Venezuela’s Oil Sector Following Maduro Capture

The US is to market Venezuelan oil ‘indefinitely’ officials say, as it seeks to consolidate control following the capture of President Maduro. Is it sustainable?
Venezuela Crude Exports ('000 b/d): Poised To Pivot From China To USA?
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NEWS IN BRIEF

Saudi Pledges $500mn To Yemen After UAE Withdrawal

16 Jan, 2026

Shipping Giant Maersk Returns To Red Sea

16 Jan, 2026

Oman’s Asyad Renews Tanker Fleet

16 Jan, 2026

NMDC, CCC Launch UAE-Focused JV

16 Jan, 2026

Financial Close Reached on Oman’s First Hybrid Solar/BESS Project

16 Jan, 2026

SLB Wins Kuwait’s Mutriba Development

16 Jan, 2026

Iraq’s Rumaila Set For 2027 Capacity Boost

16 Jan, 2026

Iraq Granted Lukoil One Year ‘Grace’

16 Jan, 2026

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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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