Issue 19

Oil & Gas

• Opec+ Cuts Eat Into Oman’s Crude Output
• Sharjah’s NOC Farms In To RAK Block
• Adnoc’s Bab Gas Cap Delayed
• Egypt Output Slump Continues: Gas At 6-Year Low As Top Oil Producer Apache Cuts Drilling
• Gas Output: From Bad To Worse

Corporate

• Saudi Offshore Cuts Hit Services Firms, But Gas Opportunities Eyed

OPEC

• Opec Output Falls Ahead Of 1 June Meeting

Geopolitical Risk

• Gulf-Europe Distillate Exports Soar Despite Red Sea Disruptions

Refining & Petrochemicals

• Saudi Arabia’s Long Haul To Eliminate Entrenched Oil Burn

Power & Water

• Saudi Renewable Surge Generates Record Power

Economics & Finance

• Saudi Arabia Targets Foreign Investment To Bolster Economic Growth
• Egypt Debt Payments Top 50% Of Spending

News In Brief

• Aramco Finalizes LNG Investment
• Adnoc: New German LNG Deal
• Tunisia: Solar Progress

Selected Data

• Crude Official Selling Prices ($/B): Aramco Raises June Prices For All Grades To Asia & Europe
• Benchmark Crude Prices ($/B)
• Russia Oil Exports: China & India Crude Buying Firm, Products Exports Down