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.

Saudi Oil Exports (Mn B/D): Crude Exports Edging Back In 2018 As Refined Products Exports Stay Near Record Highs (Mn B/D)
Call On Opec: Opec Sees Demand For Its Crude Outstripping June Output Level In H2 2018. Both IEA And Opec See Shortage In 2019 (Mn B/D)
Saudi Holds Lion's Share Of Opec's Spare Capacity. Russia Has The Most Of The Non-Opec Participants (MN B/D)