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

23 Jan, 2026

Featured

Oil Trade Reshuffle Underway

New EU rules banning the import of products refined from Russian crude have come into force, primarily impacting Indian and Turkish refiners.
Turkey's Izmir, Izmit And Star Refineries Sent Record Product Exports To Europe Last Year (000 b/d)
OPEC & Global Markets

23 Jan, 2026

Top Story

IEA Sees 2026 Oil Glut Despite Revising Up Demand Outlook

The IEA has revised up its demand outlook for 2026, as well as demand estimates for last year. Gasoline emerged as the key growth driver in 2025.
IEA Sees Huge Implied Stockbuilds Persisting Throughout 2026 (mn b/d)
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NEWS IN BRIEF

Syria Boosts Domestic Gas Supplies

30 Jan, 2026

KPC Plans Ratqa Cogeneration Project

30 Jan, 2026

Iraq To Study Haditha-Banias Oil Export Pipeline

30 Jan, 2026

Adnoc, Taqa Sign 27-Year Utilities Deal For Ta’ziz

30 Jan, 2026

Qatari Petchem Firm MPHC: Profits Down $51mn

30 Jan, 2026

MBPS Awarded Three Rig Drilling Contract By KOC

30 Jan, 2026

Leviathan, Karish Outages Reduce Israel Gas Supplies

30 Jan, 2026

PPAs Signed For 2.6GW Gas Power Plants In Oman

23 Jan, 2026

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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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