Issue 25

Oil & Gas

• Iraq & IOCs Agree To Slash Output
• Kuwait Completes Key Sour Gas Facilities
• IEA Backs Saudi Arabia To Lead Mena Gas Supply Push

Corporate

• Algeria’s Sonatrach & Spain’s Naturgy Prepare For Gas Price Battle
• Qatar’s Nakilat Upgrades LNG Tanker Fleet
• BP To Write-Off Up To $17.5bn As Analysts Weigh Up Long-Term Covid Impact
• Kufpec Firms Up Egypt Find
• Key Saudi Gas Plant Fully Operational
• KRG Operators Bag May Payments As Oryx Plots Q3 Banan Restart

OPEC

• Oil Markets Face Up To Slow Recovery Into 2022
• US Shale: Record Fall In May, Is This The Bottom?

Geopolitical Risk

• Yemen: Political Standoff, Oil Sector Stability
• IAEA Slams Iran Over Access To Nuclear Sites

Refining & Petrochemicals

• Aramco Takes Control Of Sabic With Over-The-Odds Purchase
• Petro Rabigh Adds Hydrotreater

Power & Water

• Renewables In Tunisia: Revolution Delayed

Economics & Finance

• Saudi Awards Eyed As US Approves Funding Of Foreign Nuclear Power

News In Brief

• Clariant/Technip Team Up
• Saudi Oil Export Revenues Drop 50%

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Saudi Crude Stocks* Fall To 16-Year Low 143.5mn Barrels At End-April As Kingdom Exports Record 10.24mn B/D. Including Products, Stocks Of 234.1mn Barrels Are A 13-Year Low (Mn Barrels)