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

27 Mar, 2020

Featured

Non-Opec Output Prognosis Swings Into Deep Freeze

The IEA three weeks ago eyed non-Opec as providing 4.5mn b/d growth to 2025. Capex cuts mean not just the US, but Brazil, Canada and Norway will fall well short.
2019-25 Global Oil Output* Growth (Mn B/D Increase, IEA Forecasts)
OPEC & Global Markets

3 Apr, 2020

Top Story

Saudi, UAE Gear Up For Export Surge Despite Talks Speculation

April is time for action on Saudi Arabia’s heavily-flagged export surge. But, just as a flotilla of crude hit the market, Riyadh flagged a potential Trump-brokered deal to slash output. Even with a deal – by no means assured – things will get worse before getting better.
"Saudi 1Q 2020 Crude Exports: More Than 20% Flowed To China, And Volumes To Europe* Soared (‘000 B/D)
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NEWS IN BRIEF

Neutral Zone Exports Resume

3 Apr, 2020

Suez Canal Slashes LNG Fees

3 Apr, 2020

Adnoc VTTI Tie-Up Looks Shrewd

3 Apr, 2020

Algeria’s Touat Hits Peak

3 Apr, 2020

Oman Bags Solar Finance

3 Apr, 2020

Saudi: Major Desal Award

3 Apr, 2020

Abu Dhabi Plans Waste-To-Energy

3 Apr, 2020

KRG Buys More Iran Products

3 Apr, 2020

Read more

SELECTED DATA

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

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