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.

3 Jul, 2020

Featured

US Output Bottoms Out

*US crude and condensate output fell 669,000 b/d to 12.06mn b/d for April, latest official data show. This is...

US Crude Imports From Saudi Hit 4-Year High

OPEC & Global Markets

10 Jul, 2020

Top Story

Taiwan Crude Imports: Total & Mideast Volumes Stay Low

Taiwan has garnered wide praise internationally for its success in defeating Covid-19. Despite being the first territory outside China to report infections, it has seen just seven deaths. But given Taiwan’s success on this front, its import stats, the...