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.

OPEC & Global Markets

17 Jan, 2020

Featured

Korea 2019 Crude Imports: Gulf Down As USA Soars

2019 import data for South Korea show Gulf producers losing market share for both crude and LNG with the US the key winner.
South Korea Crude Imports ('000 b/d)
OPEC & Global Markets

24 Jan, 2020

Top Story

Suez Canal Rides US Shale Boom With 2019 Traffic & Revenue Records

Egypt profited from rising US oil and LNG shipments to Asia, with the Suez Canal marking up record high traffic and revenues over the course of 2019.
Suez Canal Gross Oil Shipments: More Products Offset Falling Crude Volumes For 2019 As Revenues Rise
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SELECTED DATA

Opec's 2019 Oil Export Revenues At Risk Of Falling Below 2017 Levels ($Bn)

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