Issue 36

Oil & Gas

• Egypt Mulls LNG Exports After Shell Doubles WDDM Gas Output
• Middle East Crude Exports Fall In August
• Oman Oil Exports Reach Highest Level In More Than Three Years

Corporate

• Gulf NOCs Finalize Egypt Drilling Plans

OPEC

• Opec+ to Consider Relaxing Cuts Further?

Geopolitical Risk

• From Cooperation To Weaponization: Netanyahu Freezes $35bn Israel-Egypt Gas Deal
• Libya Eyes US Investments Amid Renewed Interest from Washington
• Lebanon Rocked By Yet Another Fuel Oil Scandal

Refining & Petrochemicals

• US-Iran Sanctions Further Complicate Iraqi Fuel Oil Flows

Power & Water

• Kuwait Tenders For Khairan Power Plant
• Taqa Reaches Financial Close For Saudi CCGTS

Economics & Finance

• Petro Rabigh Board Recommends Capital Restructuring

Op-Ed & Documents

• Barrels or Beliefs? The First Net Short in WTI and the Power of Market Narratives

News In Brief

• Libya’s Zawiya Pipeline Targeted Amid Ongoing Instability
• Iran Plans Additional 180,000 b/d Condensate Splitter Capacity
• Iraq Eyes Crude Storage In Oman
• Bahrain Scales Up Planned Sitra Power Plant Capacity
• Dragon Keeps Egypt Oil Output Steady
• Adnoc’s Covestro Purchase Hits Turbulence

Selected Data

• Crude Official Selling Prices ($/B): Adnoc Widens Upper Zakum’s Discount To Murban
• Saudi LPG Official Contract Prices ($/T)
• Benchmark Crude Prices ($/B)
• Russia Remains Unchallenged as India’s Largest Crude Supplier In July