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.

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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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