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 Nov, 2025

Featured

Saudi’s Succesful Summer

Saudi Arabia secured a welcome increase in oil revenues in Q3. After adding 1mn b/d without crashing prices, Riyadh can look back on the summer with satisfaction.
Saudi Quarterly Oil Export Revenues Increase In Q3, Driven By Higher Prices And Volumes ($bn)
OPEC & Global Markets

19 Dec, 2025

Top Story

Venezuela Blockade Caps Year Of Geopolitical Volatility

2025 has been marked by extraordinary geopolitical developments and falling oil prices. Even the US blockade on Venezuela can’t lift Brent above $60/B.
The Decline Of Venezuela’s Oil Production (mn b/d)
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NEWS IN BRIEF

Iran Boosts South Azadegan Processing Capacity

2 Jan, 2026

IMF Agrees $2.7bn Egypt Payment

2 Jan, 2026

UK Exempts Zohr From Russia Sanctions

2 Jan, 2026

Acwa Power Secures 1.25GW of China Projects

2 Jan, 2026

EWEC, Taqa Reach Financial Close for Al Dhafra OCGT Plant

2 Jan, 2026

Iran Faces Mass Protests

2 Jan, 2026

Saudi Increases Diesel Prices

2 Jan, 2026

Saudi Arabia’s Luberef Plans Group III+ Facility at Jazan

2 Jan, 2026

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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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