Issue 48

Oil & Gas

• BP Eyes Kirkuk Deal By February

Corporate

• Adnoc Can’t Get No Satis: Cairo Revokes Element Of BP Egypt JV Deal

OPEC

• Opec+ Delays Meeting With Cuts Likely To Be Rolled Over To Q1

Geopolitical Risk

• Israel Hopes To Resume Export Capacity Expansion After Hezbollah Ceasefire Deal
• Israel Q3 Gas Records On Karish Ramp Up, But Q4 Set For Dip

Refining & Petrochemicals

• Qatar Launches Construction On $1.2bn Blue Ammonia Plant For 2026 Start-Up

Power & Water

• Fertiglobe’s Global Blue Ammonia Ambitions: Can Partner Exxon Get Trump Onside?

Economics & Finance

• Iraq Faces Deficit Crunch As Opec+ Steps Up Pressure
• Algeria: Record Oil Demand

News In Brief

• Adnoc: $80bn ‘Low Carbon’ Plans
• Iran Cuts Iraq Gas Supply
• Qatar: 2.4gw Power & Desal Deal
• Oman: Block 56 Development Plan
• Israel’s Newmed Expands Into Bulgaria
• Sudan Eyes Russia Oil Cash

Selected Data

• Benchmark Crude Prices ($/B)
• China Gas Imports Hit Record 13mn Tons For October With Record 49.5% Overland Share