Issue 23

Oil & Gas

• KRG Oil Sector In The Crosshairs As Baghdad Steps Up Legal Attacks
• Tehran & Baku Agree To Double Gas Swap
• Gulf Drilling At Highest Since 2020 But Libya Activity Slumps

Corporate

• Oman Bullish On Output Potential Of New Oil & Gas Developments

OPEC

• Opec Production Growth Slows Again For May
• Middle East Crude Trade: Preparing For A Pivot To Europe?

Geopolitical Risk

• Israel Looks To Drum Up Interest With Upstream U-Turn, Lebanon Threats Loom
• Algeria Axes Friendship Treaty With Spain
• Tunisia Eyes More Algerian Gas Imports
• Saudi Arabia’s Oil Burn To Offset Supply Boost

Refining & Petrochemicals

• Adnoc Examines MCH Hydrogen Exports
• Qatar: 2026 Cracker Start

Economics & Finance

• Iraqi Parliament Passes $17bn Emergency Bill
• Egypt Foreign Reserves At 5-Year Low As Cairo Awaits IMF Cash

News In Brief

• Dana Loses Egypt Offshore Block
• Ebrd Backs $500mn Mena Renewables Fund
• India: Record Russian Imports
• Japan Crude Imports (‘000 B/D): Saudi Arab Light Surges Past UAE Murban As Top Grade With Monthly Record 633,000 B/D For April
• Egypt’s Suez Canal: Latest Data* Show Both Monthly Revenue And Tonnage At Record Highs

Selected Data

• Turkey Q1 Crude Imports: Iraq Dominant, Kazakh Record
• Turkey Gas Imports: Q1 Sees Record LNG Volumes
• Crude Official Selling Prices ($/B): Saudi Raises Key Asian Grades For July
• Benchmark Crude Prices ($/B)
• Qatar LNG Sales To Asia: China Surges Ahead As Top Market