Issue 51/52

Oil & Gas

• BP & Adnoc’s New East Med Gas JV Enters Effect: $1.9bn Arcius Energy
• Exxon Spuds Egypt Well

Corporate

• Middle East Oil Exports In 2024: A Year Of Transition

OPEC

• China Oil Demand: Could It Already Have Peaked?
• China Crude Imports Up For November, Russia Again Top
• US Oil Output: NGLs Steal The Show As Overall Output Tops 20mn b/d

Geopolitical Risk

• Iran-China Oil Flows Weaken Ahead Of Trump Presidency

Refining & Petrochemicals

• Libya Instability Returns With Zawiya Force Majeure

Power & Water

• Israel-Egypt Gas Flows Top 1bn Cfd For November, Helping Cairo Cut LNG Imports

Economics & Finance

• Saudi Arabia On Course For Trade Deficit With China

News In Brief

• Adnoc Gas Appoints New CEO
• Adnoc’s XRG: Covestro Stake To Top 90%
• Iran: Record Daily Gas Demand
• Iraq Expands Sainia Refinery
• China’s UEG Commissions Iraq Gas Plant
• BP Agrees Technical Terms For Redevelopment Of Iraq’s Kirkuk
• Saudi Crude Exports Rise As Oil Burn Drops

Selected Data

• Crude Official Selling Prices ($/B): Key Producers Cut Asian Prices For January
• Benchmark Crude Prices ($/B)