Issue 32

Oil & Gas

• Lebanon Bid Round: Second Time A Charm?
• US Scales Back Output Growth Projections
• China Trade War Threat To Us Exports

Corporate

• Genel To Expedite Bina Bawi Oil Development
• Israel: Record Gas Output

OPEC

• Opec Output Edges Up Despite Saudi Cut

Geopolitical Risk

• Turkey Plans East Med Drilling: Politics Over Geology?

Refining & Petrochemicals

• Saudi Petchems Firms Report Best Profits Since Crude Price Collapse
• Sabic Pays $1.7bn To Buy Out Lanxess From Rubber JV
• Aramco Seeks Rapid $8bn

Power & Water

• Saudi Power Capacity Tops 90GW As Planning Shifts To ‘Clean’ Energy

Economics & Finance

• US Slaps Back Iran Sanctions, With More To Come
• Iran Central Bank Announces Currency Rescue Plan

News In Brief

• Kufpec Raises $1.1bn Loan
• Egypt’s Foreign Reserves Hit New Record High ($Bn, End Period)
• Egypt Extends Bidding Deadline
• $200mn For Egypt Refinery
• Bahrain LNG: On Target
• Saudi Restarts Red Sea Shipments
• Japan Slashes Abu Dhabi LNG Imports

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Asian* LNG Imports Soar To New Record Highs (Mn Tons)