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.

20 Sep, 2019

Featured

Saudi Arabia Quashes Any Idea Of Relaxing Opec Quotas

Any hopes from the likes of Iraq or Russia that Saudi Arabia would give them a free pass to ramp up oil output in the wake of the 14 September attacks proved short-lived.

Global Oil Supply/Demand Balance (Mn B/D Quarter-On-Quarter Change):

OPEC & Global Markets

27 Sep, 2019

Top Story

China: Record Saudi Buying But Less Vulnerable Than Japan & Korea

Saudi Aramco says it has all but restored output after the 14 September attacks on key facilities. But disruptions are likely to linger. The outage has highlighted Asian importers’ reliance on Saudi and other Gulf suppliers.