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.

21 Jun, 2019

Featured

Saudi Fuel Oil Up In Smoke

The Saudi power sector is having to burn more liquids as Opec output restrictions crimp associated gas output.

Saudi Oil Burning*: ('000 B/D)

OPEC & Global Markets

12 Jul, 2019

Top Story

Opec Faces Further Squeezes In 2020

The consensus outlook for 2020 has Opec battling to retain market share against a rising tide of rival output. The group last week agreed to extend production cuts to March 2020, but as things stand that will not be enough as inventories are set to swell further next year.