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.
22 May, 2026
Featured
Adnoc Investing In Resilience
Investing in resilience has helped Adnoc continue operations despite the Hormuz closure. A new bypass pipeline and overseas storage could prove invaluable.
Murban Crude Exports From Fujairah Have Soared During The Hormuz Crisis (mn b/d)
29 May, 2026
Top Story
MidEast Conflict Disrupts Upstream Investments
Upstream investment in the Middle East will fall this year due to the regional conflict, the latest IEA forecasts show. The impact will be felt differently across the region, and could result in the more resilient producers pulling further away from the rest.
IEA Expects Global Upstream Investments To Stay Flat In 2026, With The Middle East Share Falling ($bn)
NEWS IN BRIEF
Exxon Executives Meet Iraq’s New Oil Minister
12 Jun, 2026
Shell, Qatar Strike Oil In Namibia
12 Jun, 2026
Gazprom Takes On Kurdistan’s Garmian Block
12 Jun, 2026
UAE’s Alcazer To Operate Egypt 580mw Wind Farm
12 Jun, 2026
Middle East Conflict Passes The 100-Day Mark
12 Jun, 2026
Qatar Open To Temporary Hormuz Toll
5 Jun, 2026
Turkey Signs 15-Year Deal For Absheron Gas
5 Jun, 2026
Ewec Inks PPA For 2.6gw Power Plant
5 Jun, 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)
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