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
21 Aug, 2026
Featured
Aramco Joins Hormuz Shuttle
Saudi Aramco has sold spot cargoes for STS delivery offshore Sohar. As the Hormuz shuttle system picks up pace, the Gulf of Oman is growing congested
Fujairah, Sohar Lightering Zones Key To Hormuz Shipments
OPEC & Global Markets
28 Aug, 2026
Top Story
Hormuz Diesel Exports Edge Up
The recent increase in Hormuz oil exports has focused on crude. With diesel markets tight, can Middle East producers slip more of the distillate out?
Diesel Exports From The Middle East Gulf Coast Facilities* Increased Slightly In Recent Months ('000 b/d)
NEWS IN BRIEF
Adnoc Adds Two LNG Ships To Fleet
28 Aug, 2026
Doosan To Build 1.7GW Misfah Plant In Oman
28 Aug, 2026
OQEP Plans To Explore Offshore Musandam In 2027
28 Aug, 2026
Kuwait Gas Output Rebound
28 Aug, 2026
US Sanctions Wellbred Trading Firm
28 Aug, 2026
Egypt’s Oil Rebound Fades In 2q
21 Aug, 2026
Meridiam Takes Control Of Cyprus-Greece Power Link
21 Aug, 2026
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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