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.
28 Nov, 2025
Featured
Saudi’s Succesful Summer
Saudi Arabia secured a welcome increase in oil revenues in Q3. After adding 1mn b/d without crashing prices, Riyadh can look back on the summer with satisfaction.
Saudi Quarterly Oil Export Revenues Increase In Q3, Driven By Higher Prices And Volumes ($bn)
5 Dec, 2025
Top Story
Historic Opec+ Capacity Assessment Deal ‘Rewards Investment’
A historic Opec+ agreement to set members’ production baselines, and therefore quotas, on independent production capacity assessments promises to greatly improve the group’s transparency and flexibility, while also incentivizing investment. The new mechanism is unprecedented in its ambition.
Milestones For Opec+ Msc Assessment In 2026
NEWS IN BRIEF
UAE-Saudi Tensions Rise In Yemen As STC Advances
12 Dec, 2025
Jafurah Gas: Still Awaiting Start-Up
12 Dec, 2025
Bapco-Acwa Plans 2.8GW Solar Plant
12 Dec, 2025
Iraq’s Somo Downgrades Kirkuk Crude’s API
12 Dec, 2025
Chevron Expands Scope of Iraq HoA
12 Dec, 2025
Iran Awards Contracts For Yadavaran Development
12 Dec, 2025
UK-Listed Kistos To Enter Oman Upstream
12 Dec, 2025
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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