Issue 44

Oil & Gas

• Israel Bags BP, Eni & Socar In Latest Offering Despite Ongoing War
• East Med: Chevron Takes The Long View As Aphrodite Negotiations Continue
• Cyprus’ Aphrodite: Talks Continue
• Tamar Outage: ‘Modest’ Financial Hit For Chevron

Corporate

• TotalEnergies Mena Output Hits New Record
• TotalEnergies Confident On Placing Qatar LNG Volumes
• Oman’s Blocks 3&4: Output Rebound Hopes Recede

OPEC

• Crude Trade: Gulf Suppliers Squeezed In India, Record Share In Japan

Geopolitical Risk

• No End In Sight For Sudan’s Devastating Conflict

Refining & Petrochemicals

• Iraq Eyes 2024 Refining Boost With 150,000 b/d Baiji CDU Re-Build
• Borouge Weathers Choppy Petchems Outlook As Borealis Merger Talks Continue

Power & Water

• Egypt Power Cuts Worsen As Gas Output & Israeli Import Slump Continues
• Saudi Arabia Awards 8.4GW Gas-Fired Capacity
• Kuwait’s Summer Electricity Crunch Set To Worsen

Economics & Finance

• Yemen: New Import Hub Increases Houthi Economic Control

News In Brief

• Iraqi Oil Exports Hit 4-Year High
• Lukoil Extends At Iraq’s Wq-2
• Kuwait Eyes Al Zour Output Boost
• US: New Output Records
• Oman LNG Extended To 2034
• Algeria: HBR Ramp-Up

Selected Data

• Benchmark Crude Prices ($/B)
• Brazil: New Output Record, More To Come