Issue 19

Oil & Gas

• Chevron Eyes Egypt Expansion As Israel Output Closes In On Record High
• Chevron Aphrodite: Work To Do

Corporate

• Adnoc Drilling Starts 2025 At Record Breaking Pace

OPEC

• Opec Output Flat In April Despite Taper
• Will Increased Saudi Oil Production Translate Into Higher Summer Exports?

Geopolitical Risk

• Trump Calls Off Houthi Strikes Ahead of GCC Visit
• Algeria-Oman Deepen Economic And Energy Ties

Refining & Petrochemicals

• Sabic Posts Q1 Loss In ‘Oversupplied Market’

Economics & Finance

• Adnoc Gas Lays Out $15bn+ Investment Plans
• Saudi Budget Deficit Swells To Largest Since 2021

News In Brief

• Oxy Steps On The Gas In Oman
• Scatec Breaks Ground On 1.1GW Egypt Solar & Storage Project
• Iraq Suffers Blackouts As Temperatures Rise
• Opec Insider, Wartime Operator: Remembering Abdul Samad Al-Awadhi

Selected Data

• Middle East Crude Oil Exports Barometer
• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Saudi Net Foreign Assets Increased To A Six-Month High Of $431bn In March ($Bn)