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

20 Mar, 2026

Featured

Saudi Exports Rising

Crude oil exports from the Middle East are continuing to flow via three Hormuz-bypass pipelines. Their continued operation is critically important for global oil markets.
Yanbu Crude Exports* Have Been Increasing Since The Hormuz Closure (mn b/d)
OPEC & Global Markets

3 Apr, 2026

Top Story

Impact of Hormuz Closure Begins To Hit Home

As the last pre-conflict tankers to transit the Strait of Hormuz reach their destinations, market fundamentals are beginning to exert their inevitable pressure.
Cumulative Loss Of Oil Exports* From The Gulf Since The Start Of The Conflict Closes In On 400mn Barrels (mn bbl)
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NEWS IN BRIEF

Qatar Keeps Limited LNG Activity Ongoing With Local Sales

10 Apr, 2026

Syrian Petroleum Company Finalizes Contract With Saudi’s ADES

10 Apr, 2026

Abu Dhabi’s Borouge Damaged in Iranian Attack

10 Apr, 2026

Iraq Suffers LPG Shortages

10 Apr, 2026

Oman Renews Contracts For 3.5GW Of Gas-Fired Power

10 Apr, 2026

Israel: Energean Restarts Karish

10 Apr, 2026

New Crude Supplies For Oman’s Duqm Refinery

10 Apr, 2026

Aphrodite Partners Confirm Egypt HGA & Gas Sales Term Sheet

10 Apr, 2026

Read more

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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