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
17 Jul, 2026
Featured
Hormuz Shuttles Continue
The breakdown of the US-Iran agreement and Iranian attacks on Hormuz shipping poses a renewed threat to global oil markets. Inventories remain perilously low despite the June surge in Hormuz exports.
Saudi Red Sea Crude Shipments^: Record June Volumes (‘000 b/d)
OPEC & Global Markets
24 Jul, 2026
Top Story
Twin Perils: Houthis Put Squeeze On Saudi Hormuz Bypass Route
Oil markets navigated the first phase of the Middle East conflict thanks to robust inventories and Hormuz bypass routes. Both pillars are now weakening.
Renewed Hormuz Conflict, Houthi Blockade Disrupt Gulf Oil Flows Further
NEWS IN BRIEF
Energean Boosts Israel Oil Capacity
24 Jul, 2026
Egypt Gas Consumption Posts May Record
24 Jul, 2026
Aphrodite Gas Sales MoU Signed
24 Jul, 2026
Qatar Progresses North Field Work
24 Jul, 2026
EDF Awards 500MW Oman Solar EPC
24 Jul, 2026
China Slashes Middle East Oil Imports
24 Jul, 2026
Sabic Plans Rongsheng Petrochemicals Tie-Up
17 Jul, 2026
SELECTED DATA
Global LNG Exports - Top Three Suppliers (mn tons): US Strengthens Lead For 2024, Australia Also Ships Record Volumes As Overall Trade Edges Higher
The UAE’s Monthly Quota Is Set To Break Above 3.05mn b/d From September This Year
Key 2025-26 Global Oil Demand Forecasts: Opec Remains Far More Bullish Than Others (mn b/d)
Get Our Headlines Weekly
Keep abreast with current events with our weekly headlines.
You’ll also be notified of our free articles & maps.
By signing up, you agree to receive promotional emails. You can unsubscribe at any time. For more information, read our privacy statement.