Issue 42

Oil & Gas

• Kuwait Oil Company Capacity Slumps To 12-Year Low
• Egypt Gas Market Tightens As Fuel Oil Burn Returns
• Egypt Mulls More Israeli Gas

Corporate

• Russia’s Tatneft Returns To Libya

OPEC

• Saudi Arabia Again Rebuffs Calls For More Oil
• Capacity Losses Threaten Kuwait’s Opec Standing
• China Crude Imports: Mideast Volumes Hit Record Highs

Geopolitical Risk

• What Would Morocco Do Without Algerian Gas?

Refining & Petrochemicals

• Saudi Oil Burn Drop Frees Up Volumes For Export

Power & Water

• Riyadh Advances Renewables Ambitions With NREP Phase 3
• Red Sea Solar Contract Award

Economics & Finance

• Egypt: Current Account Deficit Soars Amid Tourism Collapse & Record Trade Bill

News In Brief

• Egypt Plans 500MW Wind Farm
• Iraq’s West Qurna-1: 800,000 b/d By 2027
• Kuwait Refinery Fire
• Qatar Plans UK Low-Carbon Hydrogen
• Libya Oil Revenues Continue Surge

Selected Data

• Egypt Inks Greece & Cyprus Power Link Deals
• Libya Crude OSPs ($/B)
• China LNG Imports Soar, Prices At 7-Year High
• Benchmark Crude Prices ($/B)
• Asian LNG Prices ($/mn btu): Spot Prices Soar To Over $30/mn btu, Average Chinese Price Highest Since 2014