Issue 15

Oil & Gas

• Qatar Pushes Back LNG Expansion But Still Plots Dominance
• Neutral Zone Restart: 2mn Barrels Exported
• Egypt Halts LNG Exports As Eni & Shell Bear The Brunt Of Gas Surplus
• Algeria: Southwest Pipeline Progress, But Field Development Lags
• Algerian Bureaucracy A Bridge Too Far For Energean
• Tunisia’s Upstream: Already Weak, Floored By Covid-19
• Mena Drilling: GCC Records, North Africa Slump

Oil News

• Adnoc Pledges To Invest Through The Downturn

Corporate

• Majors Cut Capex To 11-Year Low As Exxon ‘Leans In’ To Cuts

OPEC

• Saudi Arabia Extracts Huge Cut Commitment From Russia
• US Forecasts Slashed, But Will They Prove Fickle?

Geopolitical Risk

• Syria Emerges As Iran’s Top Crude ‘Customer’
• Iraq: Another Day, Another Pm Designate

Refining & Petrochemicals

• Egypt Petchems Producers Target New Products, Increased Exports

Economics & Finance

• Coronavirus Pushes Morocco To Draw On $3bn IMF Credit Line

News In Brief

• Aramco Trading Lowers Target
• Aramco Board Bags Former EY CEO
• KNPC: Al-Ahmadi CFP Complete
• Egypt Powering Sudan’s Grid
• BP’s Tortue Delayed
• Dana Gas: Egypt Sale Delayed, Looks To Ringfence Iran Deal

Selected Data

• Crude Official Selling Prices ($/B): Saudi Delays Release Of May Prices
• Saudi LPG Official Contract Prices ($/T)
• Benchmark Crude Prices ($/B)
• Asian LNG Prices ($/Mn Btu): Spot Prices Collapse To New Record Lows