Issue 33

Oil & Gas

• Bahrain’s $4.2bn Upstream Expansion Snags US Funding Boost
• China Imports Record Russian Gas, Capping LNG Demand

Corporate

• Adnoc Gas Profits Up, But Key Project Delayed

OPEC

• Opec, IEA Downgrade Demand Growth Expectations
• China Crude Imports Down Again As Demand Remains Weak

Geopolitical Risk

• Israel Sanctions Iran-Linked Oil Tankers To Pressure Shadow Fleet
• Iran Oil Minister Nominee Struggles

Refining & Petrochemicals

• Shipowners Settle Into New Normal Amid Red Sea Disruptions

Power & Water

• Saudi Arabia’s Electricity Consumption Soars, Oil Burn Doesn’t
• Saudi 2GW Haden Solar: Chinese Firms Snag EPC
• Dubai Power Gets Solar, Gas Boost
• Egypt’s Gulf of Suez Set For 4.3GW Wind By 2027

Economics & Finance

• Libya’s Sharara Outage Continues Amid Intensifying Political Tensions
• Tunisia Ties Up Solar Funds

News In Brief

• Iraq: ‘Initial Signing’ For Bidding Awards
• KRG: DNO Hikes Spend Amid Pipeline Impasse
• Oman To Boost South Gas Network
• Sudan Army Boycotts Us-Led Peace Talks
• Eni Drills Off Tunisia
• Crude OSPs ($/B): Kuwait Matches Saudi With Sep Asia Price

Selected Data

• Benchmark Crude Prices ($/B)
• US Oil Rig Count Falls To 479 For July, Lowest Since 2021 And Down More Than 130 Since End-2022 Graph
• Benchmark Crude Prices ($/B)