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 Jul, 2025

Featured

Gulf Crude Exports Highs

Crude oil exports from the Middle East increased to a two-year high in June as Saudi Aramco transferred stocks to overseas facilities outside of the Strait of Hormuz.
Middle East* Crude Exports Increased To Highest Level Since June 2023 Last Month (‘000 b/d)
OPEC & Global Markets

4 Jul, 2025

Top Story

Asia Split on Mena LNG Imports as US Widens Its Export Lead

US LNG exports are up 20% year-on-year over the first half of 2025, and the country has opened up a substantial gap over rivals Qatar and Australia.
Top Five LNG Importers: Japan Secures Top Spot As Chinese Demand Slumps (mn tons)
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NEWS IN BRIEF

Gulf Firms Tie Up Short-Term LNG Deals

11 Jul, 2025

US Lifts Syria Sanctions

11 Jul, 2025

Saudi Arabia Increased Production In June Amid Regional Conflict

11 Jul, 2025

Israel’s Bazan Refinery Partially Restarts

4 Jul, 2025

Work Starts At Oman’s First Green H2 Site

4 Jul, 2025

Shell Appoints New Oman Head

4 Jul, 2025

Iran Suspends IAEA Cooperation

4 Jul, 2025

Adnoc Targets 1.5Mn B/D at Upper Zakum

4 Jul, 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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