Issue 06

Oil & Gas

• Iraq Presses On With New Bid Rounds Despite Renewed Security Risk
• Egypt Posts Flat 2023 Oil Output; Any Hope Of Better For 2024?

Corporate

• Majors’ 2023 Profits Ease From Records As Capex Hits 4-Year High
• Oman’s Blocks 3&4: Down, And Out?

OPEC

• Opec Output Drops Amid Fresh Cuts And Libya Outages
• US Output Leaps 1.5mn B/D For 2023, Topping 20mn B/D For The First Time In Q4. Is Peak Output Near?

Geopolitical Risk

• Saudi-Europe Oil Flows Disrupted By Red Sea Attacks
• Libya’s Politicized Flood Reconstruction Process Highlights Financing Rivalry

Refining & Petrochemicals

• Oman’s Long-Awaited 230,000 b/d Duqm Refinery Gets A Right Royal Reception

Power & Water

• Air Products Says Wait Until Price Is Right For Neom Green Hydrogen Sales

Economics & Finance

• Saudi Economy Contracted In 2023 Amid Oil Price Drop

News In Brief

• Egypt: $22bn Tourism Mega-Deal For ‘UAE Consortium’
• Suez Canal: From Bad To Worse
• Qatar Extends India LNG Deal
• Oman Assesses Extra LNG Train
• Oman’s OQ Tees Up IPOs
• US Kills Iraq Militia Leader
• Iraq Taps Gazprom For Nasiriya
• Aramco Advances Unconventional Plans With Drilling Deal
• Iraqi Kurdistan: Gas Expansion Delay

Selected Data

• Crude OSPs ($/B): Saudi Keeps Asian Prices Steady Despite Hike Expectations
• Crude OSPs ($/B): Saudi Keeps Asian Prices Steady Despite Hike Expectations
• Benchmark Crude Prices ($/B)
• Global LNG Exports: New Record Highs From Qatar & The Us