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

13 Mar, 2020

Featured

Global Inventories Set To Swell Amid Opec Showdown

If Saudi Arabia, the UAE and others carry through on pledged output hikes. Crude inventories could balloon by a massive 1.36bn barrels over the course of 2020.
Scenario 1: Opec Maintains Production At Feb20 Levels, Moderating 1H Stock-Builds (mn barrels)
OPEC & Global Markets

20 Mar, 2020

Top Story

Saudi Arabia’s Latest U-Turn Hits Opec Periphery Hardest

The price slump caused by the Opec+ breakdown and Saudi opening the taps will hit revenues in Opec’s GCC core.
Opec's 2019 Oil Export Revenues At Risk Of Falling Below 2017 Levels ($bn)
Choose Countries
Load more

NEWS IN BRIEF

KRG: More Delays, More Capex Cuts

27 Mar, 2020

CNPC Bags $200mn Iraq Gas Deal

27 Mar, 2020

China’s Anton Extends In Iraq

27 Mar, 2020

Lebanon To Halt Debt Repayments

27 Mar, 2020

IMF: Jordan $1.3bn Facility

27 Mar, 2020

Total Mauritania Shake-Up

27 Mar, 2020

UK Firms: Results Delayed

27 Mar, 2020

Kuwait’s Equate Plans Bond

27 Mar, 2020

Read more

SELECTED DATA

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

Get Our Headlines Weekly

Keep abreast with current events with our weekly headlines.
You’ll also be notified of our free articles & maps.

By signing up, you agree to receive promotional emails. You can unsubscribe at any time. For more information, read our privacy statement.