Issue 28

Oil & Gas

• GCC States Double Down On Gas Development
• Delayed Projects To Shave Cumulative 80bcm From Algeria’s Gas Output By 2020
• Middle East Drilling Continues Unabated Despite Oil Price Uncertainty

Transportation

• Qatar Expansion Plans Shakes Up Race For 2020s LNG Market Dominance
• South Korea 2Q17 LNG Imports Up 20% Year-On-Year As Number 2 Supplier Australia Closes The Gap On Qatar & US Enters Top 6
• South Korea 2Q16 Crude Imports (‘000 B/D): Middle East Volumes Fall By 8% Q-On-Q, To 18 Month Low; Saudi Volumes Robust But Dip In June

Refining & Petrochemicals

• Cairo Advances Energy Sector Privatizations

Power & Water

• Egypt: Has Gas Boost Made Blackouts History?
• Oman Cuts Power Payout

OPEC

• Oil Market Imbalance Set To Stretch Into 2019
• US Output Growth: Records Tumble But Is A Slowdown On The Way?

Geopolitical Risk

• Cyprus: Total Spuds Key Wildcat As Unification Talks Collapse

Corporate

• Tawke, Atrush Licenses Provide KRG With Output Boost

Economics & Finance

• Syria’s Ongoing Conflict Inflicts Huge Loss Of $226bn To GDP

Selected Data

• Crude Official Selling Prices ($/B)
• Iraq Hikes Basrah Light To Near 5-Year Premium To Saudi Arab Medium* ($/B Osps, Asia-Pacific Delivery)
• Benchmark Crude Prices ($/B)
• Global LNG Project Additions 2016-2018 (Bcm/Y Capacity): Australia Set To Account For 47% Of Total 144bcm/Y Capacity Expansion, And The US 36%