Issue 25

Oil & Gas

• European Majors And New Entrants Secure Key Algeria Blocks In ‘Successful’ Bid Round
• Israel Sends Warning To Iran With Gas Strike

Corporate

• Adnoc’s XRG Heads $18.7bn Bid For Australian Gas Firm Santos

OPEC

• Oil Markets Welcome Trump Pause On Iran
• IEA Forecasts Peak Demand by End of Decade

Geopolitical Risk

• Israel-Iran Conflict Puts Spotlight On Hormuz Bypass Pipelines
• Trump To Decide On Potential Iran Strikes ‘Within Two Weeks’
• Tanker Collision Offshore UAE Highlights Congestion Risks
• Lebanon: Hezbollah’s War Abstention Signals Political Opportunity

Refining & Petrochemicals

• Iran Conflict Exposes Israel’s Energy Vulnerabilities

Power & Water

• Saudi Renewables Surge To Displace Direct Oil Burn
• Egypt Staves Off Blackouts Amid Resumption Of Israeli Gas Imports

Economics & Finance

• Middle East Tanker Rates Soar Amid Israel-Iran Conflict
• Mapping The IEA’s Oil Demand Growth Expectations By Region And Product

News In Brief

• Kuwait Power Sector Runs Out Of Capacity
• Scatec Accelerates Egypt Wind & Solar Projects

Selected Data

• Crude Official Selling Prices ($/B): Kuwait Follows Saudi, Iraq Cuts Key Grades To Asia
• Benchmark Crude Prices ($/B)