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

8 May, 2026

Featured

Oil Markets Enter Danger Zone

Opec output is at 36-year lows as the Hormuz closure forces Gulf states to slash output. Global stocks are drawing fast, with efforts to break the stalemate faltering.
Saudi Crude Exports From Yanbu Have Surged Since The Start Of The Conflict (mn b/d)
OPEC & Global Markets

22 May, 2026

Top Story

Adnoc Targets Additional Resilience With New Bypass Pipeline

Investing in resilience has helped Adnoc continue operations despite the Hormuz closure. A new bypass pipeline and overseas storage could prove invaluable.
Murban Crude Exports From Fujairah Have Soared During The Hormuz Crisis (mn b/d)
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NEWS IN BRIEF

Eni Makes Egypt Western Desert Gas Find

29 May, 2026

Gaza Ceasfire Under Strain

29 May, 2026

Chiyoda To Resume Work On Qatar NFE LNG

29 May, 2026

Sungrow Wins Abu Dhabi Electricity Storage Contract

29 May, 2026

Shamaran Delists From Toronto

29 May, 2026

Egypt Accelerates Arrears

29 May, 2026

Cyprus Approves Cronos Development Plan

22 May, 2026

Exxon, QatarEnergy Sign Egypt Mou For Cyprus Gas

22 May, 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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