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.

OPEC & Global Markets

26 Jul, 2019

Featured

Hormuz Escalation Spooks Major Asian Economies

Asian importers have made progress in cutting dependence on Gulf crude – a prudent move in the face of escalating tensions and tanker attacks. But they remain highly vulnerable.
Asia's Four Largest Crude & Condensate Importers Struggle To End Mideast Dependence (Mn B/D)
OPEC & Global Markets

2 Aug, 2019

Top Story

China Takes Record Saudi Crude As Iran Volumes Fall To 9-Year Low

Both Saudi and Russia supplied record volumes to China in June as those from Iran fell to just 208,000 b/d.
China Crude Imports ('000 B/D): Saudi, Russia Vie For Top Spot Amid Iran Slump
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NEWS IN BRIEF

Opec+ JMMC To Meet 12 September

16 Aug, 2019

Korea Cuts Mideast Dependence

16 Aug, 2019

LNG: India, Taiwan Take Less

16 Aug, 2019

Oman: Blocks 3 & 4 Output Record

16 Aug, 2019

Egypt: Molla Cuts Output Target

16 Aug, 2019

TransGlobe Egypt Output Up

16 Aug, 2019

Libya Plans Petchems Restart

16 Aug, 2019

Oman’s First Wind Farm On Test

16 Aug, 2019

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SELECTED DATA

Opec’s 2018 Oil Export Revenues Up More Than $200bn From 2016’s Low Point($Bn)

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