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Editorial
OPEC's dilemma
- 25 May 2017
With OPEC agreeing to roll over production for nine more months, our 2017 oil price forecast of US$55/bbl for Brent is largely unaffected. But as fundamentals tighten in the second half of 2017, we believe a firmer oil price will further support the US tight oil industry.
News Release
OPEC+ maintains production plan
- 27 April 2021
OPEC+ is, as expected, holding firm to its decision to increase supply, gradually and carefully, over the coming months.
Opinion
The indispensable OPEC+
- 05 June 2020
Reports of “the death of OPEC” have proved greatly exaggerated, as the cartel and its allies have shown their continuing relevance this year
Comment
Qatar quits OPEC
- 03 December 2018
On 3 December 2018, Qatar announced it will withdraw from OPEC on 1 January 2019, putting an end to its 57-year membership of the producers’ cartel. Qatar, which said it intends to focus on its gas production, made the announcement ahead of the 6 December OPEC meeting.
Featured
OPEC's surprise production cut
- 06 December 2019
The OPEC+ group's flexible approach to managing the market is good for prices in the short term, but creates uncertainty beyond 2020. Get the latest analysis of today's OPEC announcement from Ed Crooks with Ann-Louise Hittle, head of macro oils.
50 related products from the Store that match opec
- Insight
  OPEC+ production cuts tracker
  - 11 February 2026
  In this spreadsheet we document the OPEC group changes historically, as far back as 2006. The focus is on the more recent agreements with the wider OPEC+ group alliance which began in December 2016 with the Declaration of Cooperation (DoC). This was an unprecedented moment in OPEC’s history where it coordinated with 11 non-OPEC countries in an effort to stabilise the oil market. The DoC was…
- Insight
  OPEC+ spare capacity: time for a check
  - 02 September 2025
  In this Insight we provide our latest assessment of OPEC+ spare productive capacity. The estimate includes spare capacity for the nine non-OPEC producers that have been in partnership with OPEC since December 2016 and includes readily available capacity and that which is constrained by such factors as sanctions. This crucial supply cushion is narrowing at a time of several geopolitical risks.
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The Edge
Is there more upside for oil prices in 2023?
- 13 April 2023
OPEC+ output cuts hasten market tightening
The Edge
OPEC’s battle for control of the oil market
- 18 June 2019
Persistent non-OPEC volume growth poses a challenge. Get our latest OPEC and non-OPEC supply forecasts.
Opinion
Trump's art of the OPEC deal
- 13 April 2020
In this episode of our Asia-Pacific energy podcast, we discuss this weekend's OPEC agreement.
News Release
OPEC+ set to make its choice
- 05 December 2019
OPEC+ gathers today and tomorrow to decide if the group should roll over its production restraint agreement or consider deeper cuts. The current agreement to reduce output by 1.2 million b/d runs to end March 2020. Ann-Louise Hittle, vice president, Macro Oils, said: “The idea of deeper cuts has been broached, but we consider that less likely to reach full agreement than a rollover of the standing agreement. The need for production restraint is clear. Slower US production growth is not enough to offset the ongoing imbalance between global supply and demand.”
Comment
OPEC and Russia agree output deal
- 07 December 2018
OPEC and its allies agreed a 1.2 million barrel per day cut after two days of tense meetings in Vienna.
Opinion
OPEC+ plans to boost oil production
- 07 June 2024
The OPEC+ countries are taking on the delicate task of trying to raise oil production without crashing the market. They are starting cautiously, but the global economic outlook holds plenty of downside risks for demand and prices.
The Edge
A window opens for OPEC+ oil
- 20 June 2024
Based on our analysis of supply and demand, a window is opening to absorb more OPEC+ oil.
Opinion
US anger at OPEC+ production cut
- 11 October 2022
The decision provoked some anger in the US. But the actual production cut is smaller than the headlines imply, and is coming as global demand for oil is faltering.
News Release
OPEC stays the course with production deal
- 01 December 2017
OPEC and non-OPEC producers agree to extend production curbs through 2018
News Release
Implications of OPEC+ meeting for H2 2023
- 07 June 2023
The decision by OPEC+ to extend current production cuts and an additional voluntary 1 million b/d reduction for July from Saudi Arabia should provide support for prices in the rest of 2023, according to Wood Mackenzie.
Opinion
December '18 OPEC meeting: production cuts expected
- 03 December 2018
As OPEC ministers prepare to meet in Vienna this week, Qatar abruptly announced its withdrawal from the producer’ group. While the move sparked a lot of speculation, it will not have a significant impact on supply. Get Ann-Louise Hittle's analysis of this and other key talking points including Trump and production cuts at this week's OPEC meeting. With live updates from Vienna from Ann-Louise.
Editorial
OPEC extends production cuts through 2018
- 30 November 2017
A 9-month extension to the current OPEC agreement will help sustain prices in a global market that's still uneasy going into 2018.
News Release
OPEC+ deal balances consumer pressure with need for stable prices
- 23 June 2018
The OPEC+ meeting, held in Vienna on 23 June 2018, confirmed Saudi Arabia and Russia’s high-level commitment to co-operate to manage the oil market.
News Release
Non-OPEC decline rates to remain stable until 2020
- 27 September 2017
Through operational excellence programmes and smart spending, operators have managed to maximise production and improve efficiencies, bucking expectations of an increase in decline rates. In fact, non-OPEC decline rates have remained stable since 2015. A new report by Wood Mackenzie, Non-OPEC Decline Rates: Lower for Longer, looks at the factors influencing this stability, how long it can be maintained and the impact future shifting decline rates may have on the oil market.
Featured
Non-OPEC decline rates remain stable until 2020
- 27 September 2017
Why haven't decline rates accelerated in the low-price market? We look at short- and long-term factors keeping rates on an even keel through the end of the decade.
Opinion
What does the OPEC+ supply surge mean for refiners?
- 23 March 2020
The oil market is in a state of flux. Prices have fallen dramatically, and demand has taken a hit as measures are introduced across the globe to combat the spread of coronavirus. Saudi Arabia and Russia’s competition for market share has only exacerbated weak demand.
Comment
Supply outlook tightens as OPEC+ prepares to meet
- 01 July 2021
As OPEC+ meets on 1 July, oil prices are supported by tightening oil market fundamentals for the second half of 2021. Global natural resources consultancy Wood Mackenzie forecasts total oil demand to rise 5.9 million barrels per day (b/d) year-on-year for 2021.
News Release
OPEC+ ‘no deal’ a blow to the market
- 06 March 2020
The OPEC+ meeting broke up without a deal, what does it mean for the markets?
Comment
Deeper OPEC+ supply cuts sends supportive signal to markets
- 06 December 2019
After a marathon meeting, running late into the night of 5 December, the OPEC+ group has agreed to continue its current production restraint of 1.2 million barrels per day (b/d), and will add a further 0.5 million b/d of supply cuts through to March 2020.
News Release
OPEC+ aims for balance as it rolls over output curbs
- 02 July 2019
Speaking as the OPEC and OPEC+ meetings ended in Vienna today, Ann-Louise Hittle, vice president, Macro Oils, at global natural resources consultancy Wood Mackenzie, said: “The agreement to roll over production restraint was a foregone conclusion after the green light from Russia’s president, Vladimir Putin, at the G20 meeting for continued production restraint."
The Edge
OPEC‘s challenge in 2020: balancing an oversupplied oil market
- 03 December 2019
Will oil demand growth recover in 2020? Is global supply still growing apace? How is US tight oil investment and production being affected by negative investor sentiment? Have the production cuts of 2019 balanced the market? Do they need to be extended or adjusted? Will fundamentals or geopolitics determine oil prices? We answer some of the big questions on OPEC’s agenda ahead of its December meeting in Vienna.
The Edge
OPEC gets to eat the Permian’s lunch
- 30 May 2018
In any commodity market, the marginal supplier makes hay when the sun shines. Oil prices are rampant, but tight oil is not behaving quite as expected. I caught up with R.T. Dukes, Head of US Lower 48 oil supply.
Opinion
Extended production cuts show OPEC's enduring influence over oil
- 08 March 2024
It has been written off many times, but the oil producers' group remains relevant. In the long term, its influence could grow.
Opinion
OPEC+ strikes a deal to avoid oil glut
- 04 December 2020
The production cuts agreed by the OPEC+ group in April have been highly effective in rebalancing the oil market after the pandemic sent demand plunging. With hopes growing of a stronger rebound next year, some countries, led by the United Arab Emirates, have been calling for OPEC+ to stick to its plan to allow almost 2 million b/d of extra production in January. But demand is expected still to be weak in the first quarter at least, as the Covid-19 vaccines begin to be rolled out. An OPEC+ production increase of that size would have risked an oversupplied market and falling crude prices. Facing that risk, the OPEC+ ministers pulled back from the brink and agreed a production increase of just 500,000 b/d, to be reviewed for possible further increases every month.
Comment
OPEC+ surprises market as it extends output curbs
- 04 March 2021
OPEC+ took the market by surprise when it decided to roll over its quota, saying that rather than anticipate a demand recovery, the group would wait to see it actually recover. The market was expecting a substantial increase in production because a tightening in the supply and demand balance is already evident.

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Your search for opec has returned 358 results

OPEC's dilemma

OPEC+ maintains production plan

The indispensable OPEC+

Qatar quits OPEC

OPEC's surprise production cut

50 related products from the Store that match opec

OPEC+ production cuts tracker

OPEC+ spare capacity: time for a check

Is there more upside for oil prices in 2023?

OPEC’s battle for control of the oil market

Trump's art of the OPEC deal

OPEC+ set to make its choice

OPEC and Russia agree output deal

OPEC+ plans to boost oil production

A window opens for OPEC+ oil

US anger at OPEC+ production cut

OPEC stays the course with production deal

Implications of OPEC+ meeting for H2 2023

December '18 OPEC meeting: production cuts expected

OPEC extends production cuts through 2018

OPEC+ deal balances consumer pressure with need for stable prices

Non-OPEC decline rates to remain stable until 2020

Non-OPEC decline rates remain stable until 2020

What does the OPEC+ supply surge mean for refiners?

Supply outlook tightens as OPEC+ prepares to meet

OPEC+ ‘no deal’ a blow to the market

Deeper OPEC+ supply cuts sends supportive signal to markets

OPEC+ aims for balance as it rolls over output curbs

OPEC‘s challenge in 2020: balancing an oversupplied oil market

OPEC gets to eat the Permian’s lunch

Extended production cuts show OPEC's enduring influence over oil

OPEC+ strikes a deal to avoid oil glut

OPEC+ surprises market as it extends output curbs

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