Issue 12

Oil & Gas

• Saudi Aramco Bets On Higher For Longer (Output That Is, Not Prices)
• Aramco Focuses Investment On Offshore And Gas

Corporate

• Dark Days Ahead For KRG Oil Sector
• Mauritania: Kosmos Capex Crunch To Delay Tortue?

OPEC

• Saudi Arabia’s Latest U-Turn Hits Opec Periphery Hardest
• Majors Lead The Way In Further Capex Cuts

Geopolitical Risk

• Israel Politics: Will Netanyahu Cling To Power?

Refining & Petrochemicals

• Aramco Downstream Results Hit By Lower Margins, Sadara Impairment

Power & Water

• Egypt Gas Burn Falls Despite Powergen Record

Economics & Finance

• Coronavirus Set To Crush North Africa’s Tourism Sector

News In Brief

• Iraq Govt: Third Time A Charm?
• Aramco Malaysia JV Woes
• Saudi Products Exports Slump
• Saudi Crude Burn Drops Sharply
• Libya: NOC Slams Illegal Jet Imports
• Egypt Studies Melamine Project
• Q-Chem Plans Ethylene Increase
• Weatherford: Record Mideast Share Of Shrunken Whole
• China Oil Data: Runs Down, Stocks Up
• Egypt Refiners Hit New Highs
• Chevron Inks Algeria MoU

Selected Data

• Saudi Arabia January 2020 Key Oil Data (‘000 B/D): Crude Stocks Fall Again To New 16-Year Low With More Drawdowns In Store
• Benchmark Crude Prices ($/B)
• Asian LNG Prices ($/Mn Btu): Have Spot Prices Bottomed Out?