OPEC

Shell last week quit Iraq’s Majnoon field, a week after Lukoil revised down its output target. Without meaningful contractual amendments more firms could quit.

US crude and NGLs output is still growing strongly. But the latest output forecasts for key shale formations have been...

Qatar’s leadership claims the emirate is easily withstanding the embargo. Near-record products exports back this up, though it is still taking an economic hit.

Saudi Arabia’s crude exports are at their lowest level since August 2014 as the kingdom deals with the double-whammy of increased summer demand and reduced output in accordance with last November’s Opec agreement.

Recent deals for the development of two sour offshore gas fields highlight Abu Dhabi’s increasing focus on the offshore sector....

• Opec kingpin Saudi Arabia saw its rig count fall to a 30-month low of 115 in August; those...

Opec was buoyed this week by upwards revisions to global demand expectations in the IEA and Opec’s latest monthly reports....

Latest US output forecasts give mixed messages as to the impact of Hurricane Harvey which shut in around 700,000 b/d...

Algeria is responding to Opec limits on oil production by seeking to maximize gas output at the expense of crude.