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

20 Feb, 2026

Featured

New Gulf NGL Export Wave

Production of condensate and NGLs from the Gulf Arab states is set to boom over the next five years as multi-billion-dollar gas projects come online.
Gulf Production* Of Condensate, NGLs Has Been Steadily Rising In Recent Years (mn b/d)
OPEC & Global Markets

27 Feb, 2026

Top Story

Middle East Crude Futures Markets Gain Global Traction

ICE Dubai has started 2026 with record activity, reflecting increased Middle East exports, Iran tensions and India’s search for Russian barrel replacements. Amid this, Opec+ ministers are readying to decide on April production policy.
Middle East Crude & Condensate Exports Increased To A Seven-Year High Last Quarter (mn b/d)
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NEWS IN BRIEF

Decision Time For Opec+

27 Feb, 2026

EOG Expects First Results From UAE, Bahrain Wells In Q2

27 Feb, 2026

BGC Boosts Gas Capture At Iraq Fields

27 Feb, 2026

Kuwait’s KPC Holds Pipeline Monetization Talks

27 Feb, 2026

TotalEnergies Brings Iraq’s First Solar Plant Online

27 Feb, 2026

Leviathan Shut Amid Expansion Work

27 Feb, 2026

Cyprus President, Eni Ceo Talk Cronos In Rome

27 Feb, 2026

XRG-ENI Ink Argentina LNG Development Deal

20 Feb, 2026

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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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