Issue 04

Oil & Gas

• Israel Set For Record Gas Output Barring New Security Risks
• Cyprus & Israel Close To Aphrodite/Ishai Deal

Corporate

• Libya Takes ‘Pivotal Step’ With First Deepwater Well
• KRG Oil: No Major Growth For 2026
• Adnoc’s Nasr Field Expansion Award
• IEA Sees 2026 Oil Glut Despite Revising Up Demand Outlook

OPEC

• Oil Trade Reshuffle Underway as EU Sanctions Come Into Force

Geopolitical Risk

• MENA Region Faces Year Of Profound Geopolitical Change
• Gaza Inc: Trump Launches Board Of Peace For Gaza
• Dinar Devaluation Compounds Tripoli’s Concerns Over Declining Oil Revenues

Refining & Petrochemicals

• UAE Oil Trading Market Faces An Uncertain 2026

Power & Water

• Saudi Arabia’s Oil Burn Displacement Program Builds Momentum

Economics & Finance

• IMF Revises Up Global Economic Outlook

News In Brief

• PPAs Signed For 2.6gw Gas Power Plants In Oman
• Oman: United Solar Secures Full $1.6bn Financing
• UAE-India Sign $3bn Ten-Year LNG Deal
• Total’s Iraq Solar: Phase One Installation Complete
• Korea Crude Imports: Mideast Volumes & Share Drop To 3-Year Low
• Korea Imports Record LNG For 2025, But Mena Share Down
• Financial Close Reached For Abu Dhabi’s Khazna Solar Project

Selected Data

• China 2025 Crude Imports & Key Oil Data (‘000 b/d): Russia Maintains Lead, Iran (Malaysia-Indonesia) Record
• Crude OSPs ($/B): Gulf Producers Cut Key Asian Grade Prices For February
• Benchmark Crude Prices ($/B)
• Egypt Record Gas Imports In 2025 Enable Sustained High Gas Consumption