Issue 09

Oil & Gas

• Qatar Sees Buoyant LNG Demand Outlook As It Sanctions Further Expansion
• Saudi Aramco Hikes Jafurah Unconventional Resource Estimate, Books Reserves
• Mauritania’s Tortue: First LNG Delayed Again To Q4
• Israel 2023 Gas Royalties Record On Karish Ramp-Up

Corporate

• Wintershall Libya Assets In Limbo
• Permian Consolidation Continues Amid New Output Records

OPEC

• Market Expects Opec+ Rollover For Q2

Geopolitical Risk

• Libya Instability Returns As Field ‘Guards’ Revolt In Pay Dispute

Refining & Petrochemicals

• Red Sea Disruptions Hit Exporters But Shipping Firms Profit, For Now

Power & Water

• Abu Dhabi’s Ewec Calls For Huge Solar Ramp Up

Economics & Finance

• Egypt Eyes More Gulf Cash After $35bn Lifeline UAE Mega-Deal

News In Brief

• Iraq’s FAO Refinery: Slow Progress
• Kuwait’s Kufpec: 140,000 Boe/D 2026 Target
• Adnoc Completes OMV Deal
• ENI Set To Drill Rak Onshore Well
• Israel’s Karish: Second Field Starts Up As New Sales Deal Inked

Selected Data

• Crude OSPs ($/B)
• Benchmark Crude Prices ($/B)
• US Oil Exports Leap To Record 11.54mn B/D For December Including The Second-Highest Ever Figures For Both Crude And Refined Products