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

24 Oct, 2025

Featured

Kurdish Oil Exports Rebound

Exports of ‘Kirkuk’ crude from Kurdistan will rise to 250,000 b/d in November, Somo’s loading program for the month shows.
Somo Has Significantly Cut Kirkuk OSP* For November Loadings After October Discounts ($/b)
OPEC & Global Markets

24 Oct, 2025

Top Story

Qatar, US Lead Industry Criticism of EU Emissions Regulations

Qatar and the US are leading a vociferous industry pushback against the EU’s planned emissions regulations. Is Europe’s energy security at risk?
EU Gas Supply Share By Origin So Far In 2025* (%)
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NEWS IN BRIEF

Morocco Plans To Phase Out Coal By 2040

31 Oct, 2025

Egypt To Launch Red Sea Offering

31 Oct, 2025

Eni Completes Final Zohr Sidetrack

31 Oct, 2025

Jordan Signs Up Kuwaiti Driller For 80 Risha Wells

31 Oct, 2025

Adnoc Sour Gas To Start In 2026, Says PTTEP

31 Oct, 2025

Qatar Signs 17-Year India LNG Deal

31 Oct, 2025

US China Suspend Port Fees Clash

31 Oct, 2025

Ratqa Steam Co-Generation Plans

31 Oct, 2025

Read more

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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