Issue 23

Oil & Gas

• Egypt Gas Output Slumps Below 6bn cfd

Corporate

• Morocco Gas: Record Spain Imports As Plans To Raise Domestic Output Edge Forward
• Algeria Gas Exports Slump For May

OPEC

• Opec Output Plummets Amid Voluntary Cuts
• Opec+ Enters New Era With Capacity Audit Deal
• Russia-Asia Crude Shipments Hit New Record Highs
• LNG: Record Low Japan Imports Keep Prices Depressed

Geopolitical Risk

• BP & Adnoc’s Landmark NewMed Deal: Testing the Water or Troubled Waters?

Refining & Petrochemicals

• Iraq’s Karbala Refinery Forced Offline

Power & Water

• Oman Awards Three Blocks For Green Hydrogen Projects
• Saudi Arabia’s Neom Green Hydrogen Plans: Key Wind Turbine Contract

Economics & Finance

• Qatar Sees Budget Surplus Widen For Q1
• World Bank Cuts Saudi Growth Forecasts

News In Brief

• Masdar Secures Land For 10gw Egypt Wind Farm
• China’s Geo-Jade: Iraq Development Near
• Iraq Restarts 3mn Barrel Nasiriya Storage Project
• Iraq-GCC Power Link: End-2024 Target
• Israel Extends Bidding Deadline
• Mauritania’s Tortue Lng: Tight Timeline For End-23 Start Up

Selected Data

• US Key Oil & Gas Data: Q1 Sees Record Exports & Gas Output
• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Suez Canal: New Records For April & Q1 As Oil Trade Dislocations Continue