Issue 26

Oil & Gas

• Israel’s Leviathan Export Ruling Boosts 2.1bn cfd Expansion Prospects
• Adnoc’s Murban Crude Availability Spikes To New Records For 2025

Corporate

• Adnoc-Covestro Takeover Talks Set To Enter End Game As Offer Upped To $12.5bn

Geopolitical Risk

• Gas Shortages Wreak Havoc Again In Egypt Ahead Of Mega LNG Tender Award

Refining & Petrochemicals

• Iraq Grapples With Mammoth Summer Peak Load
• Kuwait Hikes Fuel Oil Burn Amidst Summer Electricity Crisis
• Traders Turn To VLCCs For Gulf-To-Europe Refined Products Shipments
• Algeria-Spain Spat Leaves 1.26GW Power Plant In Limbo

Power & Water

• Saudi Arabia Awards 5.5GW Of New Solar Capacity
• Can Tunisia Capitalize On Europe’s Need For Clean Energy?
• Fujairah LSFO Imports Rise With Refinery Outage
• Abu Dhabi Tenders For 2.5GW Gas-Fired CCGT Plant

Economics & Finance

• Cairo Advances Subsidy Cuts But Will They Outpace Inflation?
• Sudan Tables UAE Accusations At UN

News In Brief

• Lebanon Puts Back Bidding
• Aramco Plans US LNG Investment
• Saudi: Orders In For 7GW CCGTS
• Iran Refinery Adds Hydrocracker
• Oman Prequalifies 500mw Solar
• Oman Restarts Power Plant

Selected Data

• Iran Completes Jask Oil Storage
• Crude Official Selling Prices ($/B): Iran Maintains $0.20/B Premium Of Key Iranian Light Grade To Asia Vs Competing Saudi Arab Light For July
• Benchmark Crude Prices ($/B)
• LNG Prices Edge Higher On Firm Demand, Aussie Outage

OPEC

• Opec+ Overproducers Submit New Compensation Plans