Issue 06

Oil & Gas

• Iraq Seeks To Reboot Northern Oil Sector
• Iraq Drilling Hits 3-Year High, Abu Dhabi Sets New Record
• Iran Eyes More West Karun Gains As Investment Concerns Deepen

Transportation

• Iranian Oil Exports Hit Pre-Sanctions Levels As European Share Grows
• Adnoc Plans $3.1bn Ruwais Upgrade To Free Up Murban For Export
• Asian Spot LNG Prices Hit Highest Level Since Jan 2015 On Record Chinese Buying ($/Mn Btu, By Arrival Month)*

Refining & Petrochemicals

• Egypt: Increased Gas Availability Boosts Petchems Producers

Power & Water

• Saudi Arabia Awards 300MW Sakaka PV, At Record Low Pricing

OPEC

• Opec Steadies Production In January

Geopolitical Risk

• Saudi War Aims Stumble (Again) In Fragmented Yemen

Corporate

• Major Threat For Opec With Offshore Exploration Boom

Economics & Finance

• Will 2018 Be Year Of Recovery For Egypt Independents?

Selected Data

• Crude Official Selling Prices ($/B): Saudis Keep Arab Light To Asia At A Premium For March
• Saudi LPG ($/T)
• Benchmark Crude Prices ($/B)
• US Crude Output: Latest EIA Forecast* Has Output Breaking 11mn B/D In Nov-18, A Year Earlier Than Previously Forecast, But After Growing A Whopping 1.26mn B/D This Year Gains Will Ease Off In 2019 (Mn B/D, By Date Of Forecast)