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

11 Jul, 2025

Featured

Opec Boosts Demand Outlook

Opec turbocharged its long-term oil demand outlook in the latest WOO, revising up 2050’s expected oil demand figure by nearly 3mn b/d. Is it realistic?
Opec Boosts 2050 Demand Outlook By More Than 2mn b/d With ‘No Peak Oil Demand On The Horizon’ (mn b/d)
OPEC & Global Markets

11 Jul, 2025

Top Story

Opec+ Confident Following Production Acceleration

Opec+ looks set to complete the unwinding of 2.2mn b/d voluntary cuts in September, one year ahead of schedule. Officials welcomed the market response.
Opec+ Left With Just 547,000 b/d Of Voluntary Cuts Left To Unwind After August Decision (mn b/d)
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NEWS IN BRIEF

Gulf Firms Tie Up Short-Term LNG Deals

11 Jul, 2025

US Lifts Syria Sanctions

11 Jul, 2025

Saudi Arabia Increased Production In June Amid Regional Conflict

11 Jul, 2025

Israel’s Bazan Refinery Partially Restarts

4 Jul, 2025

Work Starts At Oman’s First Green H2 Site

4 Jul, 2025

Shell Appoints New Oman Head

4 Jul, 2025

Iran Suspends IAEA Cooperation

4 Jul, 2025

Adnoc Targets 1.5Mn B/D at Upper Zakum

4 Jul, 2025

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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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