Issue 11

Oil & Gas

• United States Strengthens Lead Over Saudi As World’s Largest Oil Exporter
• Petrofac Shut Out Of Key Abu Dhabi Market

Corporate

• Forza Petroleum Slashes Kurdistan Reserves

OPEC

• IEA Shoots Down Speculation Of Emerging Super-Cycle As Oil Price Rally Stalls
• East Asia Sees Record Winter LNG Imports

Geopolitical Risk

• China’s Imports of Iranian Oil Jump: Will Biden Act?

Refining & Petrochemicals

• Dubai’s Enoc Imports Qatari Condensate, But Iran Remains The Missing Piece

Power & Water

• Turkey Gas & Power: Pipelines, Black Sea Find, Nuclear & Renewables Give Ankara Options

Economics & Finance

• Saudi PIF Aims To Kickstart Kingdom’s Services Sector With ADES Buyout

News In Brief

• Iraq To Compensate IOCs ‘In-Kind’ For Opec+ Cuts
• Kuwait Court Ruling Adds Further Chaos To Political Scene
• Houthis Claim Yet Another Saudi Aramco Attack
• Saudi Arabia Reaps Benefit Of Gas Supply Boost
• Saudi Crude Inventories Tumble To New All-Time Low
• Oman: Masirah Completes Offshore Upgrade
• Sipchem Sees Profits Slump
• Korea Imports: Gulf Slump

Selected Data

• Saudi Arabia Oil Data ('000 B/D): Oil Burn At 4-Year Low, Crude Exports At 8-Month High
• Saudi Arabia Oil Data ('000 B/D): Oil Burn At 4-Year Low, Crude Exports At 8-Month High
• United States 2020 Oil Data ('000 B/D): Output Falls From 2019 Records, But With Demand Down Further US Turns Net Exporter
• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• India: Record Us Imports Amid Opec Spat