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

28 May, 2021

Featured

Asian LNG Imports Hit Record

Key East Asian consumers saw LNG imports rise 13% year-on-year for 4M 2021 with China, Korea and Taiwan all posting record highs. Prices remain firm.
East Asian LNG Imports Up 13% For 4M 2021 (mn t)
OPEC & Global Markets

4 Jun, 2021

Top Story

Opec Sticks To Plan, Dismisses The Need To Ease Cuts Beyond July

There were no surprises at this week’s Opec+ meeting, as ministers swiftly decided to stick to the plan. July’s meeting could prove trickier.
The IEA Sees Global Demand Growth Accelerating In The Second Half Of 2021 (mn b/d)
Choose Countries
Load more

NEWS IN BRIEF

Suez Canal: Rebound To April Record After March Blockage

11 Jun, 2021

Abu Dhabi’s Mubadala Invests In Aramco Pipelines

11 Jun, 2021

Turkey Makes New Black Sea Find

11 Jun, 2021

Israel Set For New Government

11 Jun, 2021

Iraq Oil Revenues Hit 16 Month High

11 Jun, 2021

Global Upstream Investment Switching To NOCs

4 Jun, 2021

Pharos Makes Progress On Egypt Farm-Out

4 Jun, 2021

Egypt Studies Interconnection with Iraq via Jordan

4 Jun, 2021

Read more

SELECTED DATA

Gulf Rig Count* Remains Only Slightly Up On 10-Year Lows Seen In Late 2020

China Has Soared Ahead As Saudi Arabia's Key Market ('000 b/d), Though Booming Overall Chinese Imports Mean Saudi's Market Share Has Remained Steady

As A Share Of Imports (%) Saudi Is Far More Dominant In Japan Where Its Share Has Risen Even As Overall Imports Have Fallen To 40-Year Lows

Get Our Headlines Weekly

Keep abreast with current events with our weekly headlines.
You’ll also be notified of our free articles & maps.

By signing up, you agree to receive promotional emails. You can unsubscribe at any time. For more information, read our privacy statement.