Issue 15

Oil & Gas

• Egypt: Alarming Gas Output Decline Highlighted By Zohr Slump
• Oman Crude Exports Edged Up In Q1

Corporate

• Prospects For A Prolonged Ceasefire Rekindle Yemen Oil Sector Hopes

OPEC

• Demand Takes Center Stage In Global Market Outlooks

Geopolitical Risk

• Baghdad Pressures Turkey To Restart Pipeline Flows

Refining & Petrochemicals

• Saudi Imports Record Russian Oil Amid Diesel Surge
• Kuwait’s Al Zour Ramp Up Hits Roadblock
• Aramco-Sinopec’s Yasref Planned Petrochemicals Expansion Takes Shape

Power & Water

• Kuwait Turns To HFO Imports To Meet Rising Power Demand

Economics & Finance

• Saudi Crude Cuts Strengthen Revenue Outlook

News In Brief

• Sinopec Awarded Stake In Qatar’s NFE Project
• Acwa Power To Develop Saudi Arabia’s Rabigh 4 Desalination Plant
• Iraq Pauses Trucked Exports Of Crude Oil To Jordan
• Scatec Exits Iraq Solar Power Projects Amid Delays
• Hopes Rise Over Un-Brokered Yemen Tanker Rescue
• Cyprus Considers FSRU Lease Amid Further Delays

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• March Oil Rig Count: Key Gulf Producers Boost Drilling Activity As Expansion Works Progress