OPEC & Global Markets

Opec's market management since the start of 2017, in coordination with Russia and other 'non-Opec' countries, is widely seen as a success. But the organization has been losing market share, to fast-growing US shale in particular. Higher oil prices may ease stretched Opec budgets, but the longer they continue the more they boost rival output.

20 Sep, 2019

Featured

Saudi Arabia Quashes Any Idea Of Relaxing Opec Quotas

Any hopes from the likes of Iraq or Russia that Saudi Arabia would give them a free pass to ramp up oil output in the wake of the 14 September attacks proved short-lived.

Global Oil Supply/Demand Balance (Mn B/D Quarter-On-Quarter Change):

OPEC & Global Markets

25 Oct, 2019

Top Story

US Challenging Saudi As World’s Top Oil Exporter

Having overtaken Russia for number two last year, the US has for the last two quarters overtaken Saudi Arabia as the No.1 exporter of crude, products & NGLs.