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

29 May, 2020

Featured

Oil & Gas Investment Slashed

The IEA has oil and gas spending falling by a record 32% this year. Even a return to normal spending from 2021, would leave 2025 output some 2mn b/d lower.
Change In Estimated 2020 Investment Vs 2019, By Sector ($BN)
OPEC & Global Markets

29 May, 2020

Top Story

US Shale: Record Slump; Now For The Rebound?

US output is down over 2mn b/d since March. But, with WTI seemingly steady above $30/B, curtailments are set to be unwound. How much of a rebound is likely?
The Rig Count In The 5 Key US Shale Oil Basins Has Fallen By A Collective 351 (63%) Since Mid-March
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NEWS IN BRIEF

Oman Smashes Output Records

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Oman Offshore Field: First Exports

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Adnoc Cuts Crude Nominations

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Panoro Claws Back Tunisia Output

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Advanced Awards PDH Catalysts

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Algeria Raises Saharan Blend OSP To +0.40 For June, Up $2.90/B From May’s 8-Year Low ($/B)

29 May, 2020

Neutral Zone Set To Close Again

22 May, 2020

Korean Firm Eyes Adnoc Pipeline

22 May, 2020

Read more

SELECTED DATA

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

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