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 Jun, 2025

Featured

IEA: Peak Demand By 2030?

The IEA still sees global oil demand peaking before the end of the decade, with upwards revisions to US demand offset by lower expectations from China.
IEA Medium Global Term Oil Demand Outlook Largely Unchanged From Last Year* (mn b/d)
OPEC & Global Markets

27 Jun, 2025

Top Story

Oil Prices Drop Sharply On Trump Ceasefire Deal

The oil price risk premium evaporated as soon as the US President announced a ceasefire in the Israel-Iran conflict, with prices now back to the levels before the 12-day war.
Weekly Middle East Crude Exports: Increased Domestic Demand Offsets Impact Of Opec+ Tapering (mn b/d)
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NEWS IN BRIEF

Commercial Operations Milestone At Mauritania’s Tortue

27 Jun, 2025

Socar Finalizes 10% Tamar Entry

27 Jun, 2025

Opec Seminar To Host Ministers And Senior Executives

27 Jun, 2025

Kuwait Plans Bond Issue

27 Jun, 2025

World Bank Approves Syria Electricity Loan

27 Jun, 2025

Gulf Shipping Rates Normalize

27 Jun, 2025

Sharjah Adds 60MW Solar Plant

27 Jun, 2025

Oman Offshore Reserves Boost

27 Jun, 2025

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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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