Issue 49

Oil & Gas

• Libya Says Bid Round Imminent As Output Hits 1.4mn b/d

Corporate

• Adnoc’s New XRG Arm Gets Covestro Boost
• Egypt Oil & Gas Output Continues To Slide
• Qatar-China LNG Exports Set For 2024 Record, Further Surge On The Cards

OPEC

• Opec+ Adheres To Cautious Approach, Deferring And Slowing Easing Of Cuts

Geopolitical Risk

• Kuwait At Risk Of Blackouts In 2025

Refining & Petrochemicals

• Israel Refinery Output & Oil Demand Remains Depressed

Power & Water

• Jordan Touts $60mn Annual Savings Of Egypt FSRU Switcheroo
• Oman Plans 2.4GW Of New Gas-Fired Power Generation By 2029
• Saudi Arabia’s SPPC Signs PPAs For Almost 11GW Of New Capacity

Economics & Finance

• Saudi Oil Export Revenues At Three Year Low In September

News In Brief

• Aramco: Landmark CCS Deal
• Algeria ‘Launches’ $2.3bn HRM Boosting
• Adnoc: Bab Gas Cap Feed Award
• Saudi Arabia: Record $14.3bn China Imports
• US: More Iran Ships Sanctioned
• Egypt 1.1GW Wind Funding
• Japan Crude Imports: Kuwait Record Low

Selected Data

• Official Crude Prices ($/B)
• Benchmark Crude Prices ($/B)
• US Surges Ahead As Top Global LNG Exporter

Op-Ed & Documents

• The Benefits Of Futureproofing The Gas Grid In The GCC Region