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

24 Jul, 2020

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Thailand Crude Imports

*Thailand’s first half 2020 crude import stats show a continuation of a trend already in evidence last year, as...
Thailand Crude Imports ('000 b/d)
OPEC & Global Markets

7 Aug, 2020

Top Story

Opec Production Rises As GCC Trio End Additional Voluntary Cuts

Opec output rose in July as Saudi, the UAE and Kuwait ended extra cuts. Iraq continued to lag on its commitments and is under pressure to cut more this month.
Opec's GCC Members Can Implement Increase Sizeable Production Increases From August, (Mn B/D: V July)
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NEWS IN BRIEF

Libyan Crude Cargo In Limbo

7 Aug, 2020

Algeria: LPG Train Delay

7 Aug, 2020

Egypt Eyes 500MW Red Sea Wind Farm

7 Aug, 2020

Adnoc Trading Venture Due To Start By Year-End

7 Aug, 2020

Qatar Runs Q1 Budget Deficit

7 Aug, 2020

Egypt, Greece Sign EEZ Agreement

7 Aug, 2020

KRG: Tawke Output Rebound

31 Jul, 2020

JGC $4bn Basra Downstream Deal

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SELECTED DATA

Opec Petroleum Export Revenue On Track To Fall To Just 30% Of 2012 Levels ($Bn)

1: Brazil Crude Output Fell To A 10-Month Low In May, A Far Cry From Projections Of A Series Of Records For 2020 (Mn B/D)

2: But Covid-19 Saw Local Demand Fall By Even More: Brazil’s Crude Exports Leapt Over 300,000 B/D In May To The Second Highest Figure On Record (‘000 B/D)

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