Issue 42

Oil & Gas

• Libya Output Continues To Rise In Wake Of Renewed Sirte Basin Production
• Libya Loses $1.2bn Goldman Sachs Court Case
• Saudi, Iran, Kuwait All Hike Korea Crude Shipments In Market Share Tussle
• In Search Of An Equilibrium Oil Price

Transportation

• Korea LNG Buying Falls To Seven-Year Low In Q3

Refining & Petrochemicals

• Sabic Shows Steely Resolve As Saudi Petchem Profits Fall In Flagging Market

Power & Water

• SEC Tackles Pricey Fuel With ‘Improved Efficiency’, Falih Firms Up Nuclear Plans
• Oman Plans Big Solar Project

OPEC

• Saudi Oil Exports Fall Amid Record Products Demand & Oil Burn

Geopolitical Risk

• Iraq’s Mosul Offensive Begins Amid Patchwork Coalition
• Kuwait Dissolves Parliament Amidst Subsidy Reform Uproar

Corporate

• Iran Opens Pre-Qualification For Upstream Tenders

Economics & Finance

• Saudi Launches Record Breaking Bond Sales
• Saudi Arabia Eyes Investment In High Tech Fund

Selected Data

• Benchmark Crude Prices ($/B)
• Asian LNG Import Prices On The Rise After Bottoming Out In Q2 ($/Mn BTU)