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.

6 Dec, 2019

Featured

Opec Output On Track For Eight-Year Low

Opec output fell 140,000 b/d to 29.59mn b/d last month despite perennial quota-busters Iraq and Nigeria continuing to flout...

Opec's 2019 Oil Export Revenues At Risk Of Falling Below 2017 Levels ($Bn)

OPEC & Global Markets

6 Dec, 2019

Top Story

Opec Deepens Cuts In Theory; Now For The Practice

Opec+ has agreed to further production cuts, albeit for just three more months. But the devil will be in the detail. Can recalcitrants Iraq and Nigeria finally be persuaded to chip in? If not, Saudi says it won’t play ball. And how will Russia and Oman’s condensate exemption play out?