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

9 Oct, 2020

Featured

Opec Banks On 2040 Peak

Opec’s own forecasts have for the first time acknowledged that peak oil demand is on the way. But a 2040 demand peak is far later than forecasts elsewhere.
Global Oil Supply (mn b/d)
OPEC & Global Markets

16 Oct, 2020

Top Story

IEA Points To End Of An Era For Oil Demand

The IEA and Opec strike different tones in their recent long-term demand outlooks. But their long-term oil demand forecasts are actually remarkably similar.
In Step: IEA & Opec Central Oil Demand Forecasts Are Remarkably Similar
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NEWS IN BRIEF

Dewa Pays Off Debt, Eyes PPPS For Future Funding

23 Oct, 2020

Turkey Revises Up Gas Discovery

23 Oct, 2020

Tunisia Bags €350mn French Loan

23 Oct, 2020

Egypt Tweaks Hydrocracker EPC

23 Oct, 2020

Delek Retail Sell-Off

23 Oct, 2020

Abu Dhabi Advances Clean Energy

23 Oct, 2020

Iraq: Petronas Eyes Gharaf Exit?

16 Oct, 2020

Baghdad Moots New Jointly- Operated Kurdistan State Oil Firm

16 Oct, 2020

Read more

SELECTED DATA

Covid-19 Has Forced Opec To Cut Production To 5mn B/D below Q1 Levels (Mn B/D)

US Crude* Output Forecast To Flatline Next Year After Q3 Rebound (Mn B/D)

Asian LNG Prices: Latest Numbers Show Term And Spot Prices Converging At Around $5/Mn Btu

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