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

4 Sep, 2020

Featured

Land Of The Falling Sun

Japan was for decades Middle East producers’ top Asian customer. For Saudi it was top every year to 2018. Not only has China soared ahead in the Saudi stakes, Japan risks losing top spot in both the UAE and Qatar, the two Gulf producers for whom its top position had looked secure.
Saudi Arabia Top Crude Customers ('000 b/d)
OPEC & Global Markets

11 Sep, 2020

Top Story

US Output: EIA Revises Near-Term Forecasts, 2021 Revised Down

The US government’s Energy Information Administration, in its latest Short Term Energy Outlook, published 9 September, revises up its forecast for this month’s crude and condensate output by 120,000 b/d to 11.20mn b/d. The figure for July is...
US Crude* Output (mn b/d): Post-Curtailment Rebound Revised Up, 2021 Revised Down
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NEWS IN BRIEF

US Hits Hezbollah ‘Affiliates’

11 Sep, 2020

Iran Coy On Natanz Blame

11 Sep, 2020

BP Readies Egypt Gas Boost

11 Sep, 2020

Kuwait Fires Up Al-Zour Boilers

11 Sep, 2020

Sabic Issues $1bn In Bonds

11 Sep, 2020

KRG’S Banan Field Restarts

11 Sep, 2020

US Output: EIA Revises Up Near-Term Forecasts, 2021 Revised Down

11 Sep, 2020

Aramco Project Doubts Grow

4 Sep, 2020

Read more

SELECTED DATA

Turkey Gas Imports: Record LNG, Record Qatar As Russia Squeezed

China Crude Imports, Top 6 Suppliers ('000 B/D): Saudi Falls To #3 For July As US Volumes Surge

IEA Numbers Point Towards Global Stocks Drawing Down By Nearly 4mn B/D This Quarter (mn b/d)

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