Issue 44

Oil & Gas

• Algeria Raises Oil Output On Merk Record, Ourhoud Rebound

Transportation

• LNG: Asian Buying Rises, But Output Up By More

Refining & Petrochemicals

• Tightening Bunker Sulfur Specs To Boost Regional Diesel Demand

Power & Water

• IEA Highlights Barriers To Mena Renewables Growth
• Jordan 200mw Solar Deal

OPEC

• Saudi, Iran, Iraq Continue Market Share Battle Ahead Of Output ‘Deal’
• Saudi Releases December Osps: Prices Hiked To Asia, Europe ($B)

Geopolitical Risk

• Egypt Devalues Currency In Bid To Calm Forex Market

Corporate

• US Firms Pull Back From The World

Economics & Finance

• UAE Plans 3% Spending Cut For 2017
• Algeria: Forex Down Again, On Track For $20bn Deficit
• Saudi: New Finance Chief

Selected Data

• Japanese Crude Oil & Condensate Imports (‘000 B/D)
• Japan 3Q16 LNG Imports: Qatar Continues To Lose Ground To #1 Australia
• Benchmark Crude Prices ($/B)
• Russian Oil Hits New Post-Soviet High Of 11.20mn B/D In October, On Track For Annual Record