OPEC & Global Markets

Opec's market management since the start of 2017, in coordination with Russia and other 'non-Opec' countries, is widely seen as a success. But the organization has been losing market share, to fast-growing US shale in particular. Higher oil prices may ease stretched Opec budgets, but the longer they continue the more they boost rival output.

OPEC & Global Markets

17 Jan, 2020

Featured

Korea 2019 Crude Imports: Gulf Down As USA Soars

2019 import data for South Korea show Gulf producers losing market share for both crude and LNG with the US the key winner.
South Korea Crude Imports ('000 b/d)
OPEC & Global Markets

17 Jan, 2020

Top Story

Opec Looks Ahead To Positive 2020 Despite Supply Uncertainty

This week’s China-US trade deal should boost demand for Opec crude, even as both Opec and the IEA raise their forecasts for this year’s non-Opec output.
Global Inventories Set To Build During 1H 2020 Slowdown (mn bbl)
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SELECTED DATA

Opec's 2019 Oil Export Revenues At Risk Of Falling Below 2017 Levels ($Bn)

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