Issue 24

Oil & Gas

• Kurdistan Oil Talks Yield Little Progress
• Egypt Drilling At 2-Year Low As Oil & Gas Output Continue Downward Spiral
• Israel-Egypt May Flows Just Shy Of 1bn cfd Despite Tamar Outage

Corporate

• Aramco Bags New International Investors In Secondary Offering
• Adnoc Takes FID On Ruwais LNG
• Thailand’s PTTEP Snags Wintershall’s UAE Asset

OPEC

• Opec & IEA 2024 Oil Demand Forecasts Diverge Further
• IEA, Opec Clash On Peak Oil Demand Expectations

Geopolitical Risk

• Red Sea Disruptions Set to Extend To 2025

Refining & Petrochemicals

• Neom H2 Sales Boost With AirProducts-Total Deal, But Still Long Way To Go

Power & Water

• Oman Power Demand Growth Keeps Gas-Fired Plants from Retirement

Economics & Finance

• Libya: SLB’s Quit Threat Could Send Output Gains Into Reverse
• Libya-Italy Gas Collapse On Mellitah Outage

News In Brief

• Aramco: US LNG Offtake Deal
• Acwa: $1.9bn Rights Issue
• Taqa-Naturgy Deal Canned
• Adnoc-Covestro: Steady Progress
• Iraq: Halfaya Gas Start-Up
• Kuwait Imports Qatar Power
• Kuwait-Korea Crude Storage Mou
• Suez Canal: No Sign Of Recovery
• Masdar Snags EBRD Funds For 200MW Egypt Wind-Farm

Selected Data

• Crude Official Selling Prices ($/B): Iraq & Kuwait Follow Saudi Asia Prices, Iraq Cuts Heavy To Europe
• Benchmark Crude Prices ($/B)
• China Gas Imports: Record Russia Pipeline Volumes Crimp Lng Demand