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

2 Sep, 2022

Featured

Iraq Oil Exports In Spotlight

Iraq’s oil production and exports have consistently grown despite the country’s persistent turmoil. With export revenues are still on track to exceed $100bn this year.
Iraq Crude Export Revenues Drop
OPEC & Global Markets

16 Sep, 2022

Top Story

Opec & IEA Present Sharply Contrasting Demand Outlooks

Opec’s latest monthly report continues to predict strong growth in both the global economy and oil demand. But other analysts don’t share this optimism.
Opec Regional Demand Forecasts (mn b/d)
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NEWS IN BRIEF

IMF Slams Lebanon

23 Sep, 2022

Adnoc, Taqa Reach Financial Close For Subsea HVDC Connection

23 Sep, 2022

Saudi Oil Burn Dips From Record High

23 Sep, 2022

UAE’S Brooge Energy Brings Thyssenkrupp Into Green Ammonia Project

23 Sep, 2022

Lebanon Takes Novatek Block 4 & 9 Stakes

23 Sep, 2022

UK Considers Israel Embassy Move To Jerusalem

23 Sep, 2022

Iraq Fuel Oil Contamination

23 Sep, 2022

Australia’s Fortescue: 9.2GW Egypt Green H2

16 Sep, 2022

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SELECTED DATA

Gulf Rig Count* Remains Only Slightly Up On 10-Year Lows Seen In Late 2020

China Has Soared Ahead As Saudi Arabia's Key Market ('000 b/d), Though Booming Overall Chinese Imports Mean Saudi's Market Share Has Remained Steady

As A Share Of Imports (%) Saudi Is Far More Dominant In Japan Where Its Share Has Risen Even As Overall Imports Have Fallen To 40-Year Lows

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