Issue 20

Oil & Gas

• Egypt: Record Gas Output, Exports At Seven-Year High
• Apache: Oil Drilling Success, But Activity Set To Slump

Corporate

• OMV, Repsol Bank On Libya To Hit Optimistic Output Targets

OPEC

• Opec Faces Uncertain Outlook As Focus Turns To Vienna

Geopolitical Risk

• Stalemate in Tripoli: A New Status Quo?
• Gulf Tensions Soar Amid Attacks On Key Saudi, UAE Export Routes
• US-Iran Tensions Rising In The Gulf
• Yemen: Second IOC Returns Despite No End In Sight To Conflict
• Energean Taps Cyprus For Israel Gas Exports

Refining & Petrochemicals

• Shell’s Oman GTL Proposal: What’s Changed This Time Around?

Power & Water

• Morocco Grows Renewables, But Grows Coal More

Economics & Finance

• Korea: April Iran Imports At 18-Month High
• LNG Markets Under Pressure From Soaring Us Exports

News In Brief

• UAE’S Brooge Plans Bunkers
• ENI Firms Up Abu Dhabi Exploration
• Dana Egypt Drillship In Place, Eyes London Listing
• Iraq Boasts Record PowerGen
• Libya Plans Sirte Gas Boost
• Rosneft Begins Pilot Production in Iraqi Kurdistan
• Egypt’s ERC Eyes July Start-Up, Qalaa Eyes Increased Stake

Selected Data

• Crude Official Selling Prices ($/B): Key Gulf States Hike Asian Prices For June
• Saudi LPG: Official Contract Prices ($/T)
• Benchmark Crude Prices ($/B)
• Gulf Crude OSPs: Saudi, Iraq, Kuwait Hike Prices To Highest Levels Since At Least 2013*, But Iran Widens Discount To Competing Grades To Record Levels In Bid To Keep Customers Loyal ($/B Vs Oman/Dubai, Asia Delivery)