Issue 08

Oil & Gas

• Phase 1 Expansion of Israel’s Tamar Gas Field Complete
• Adnoc Plans Imminent Unconventional FIDs

Corporate

• Egypt Offshore: Shell Spuds Sirius Well, BP Takes New Acreage

OPEC

• Jafurah Condensate Sale Marks Start Of New Gulf NGL Wave

Geopolitical Risk

• Algeria’s Trans-Saharan Gas Pipeline Revival Intensifies Rivalry With Morocco

Refining & Petrochemicals

• Iraq LNG Imports To Begin In June
• Fujairah Bunker Market Slows As Sanctions Bite
• BxT Takes Tanks In Jebel Ali
• Saudi Oil Burn Fell More Than 100,000 B/D in 2025

Power & Water

• Gulf States Put Grid Upgrades At Center Of Electrification Plans

Economics & Finance

• Qatar’s Diversification Drive To Gain Traction In 2026 With ‘World-Scale’ Projects

Op-Ed & Documents

• Understanding The Forward Global Oil Balance

News In Brief

• XRG-Eni Ink Argentina LNG Development Deal
• States Buy Into Gaza Board Of Peace
• Iraq: Expedited Lukoil Settlement Talks
• Iraq Starts Work On Rehabilitating Turkey Export Pipeline
• Mubadala Farms In To Egypt’s Nargis
• Cyprus Minister Confirms March Cronos Fid Plan
• Iran Has 10 Days To Make A Deal Says Trump

Selected Data

• Crude Official Selling Prices ($/B): Gulf Suppliers Raise March Light Grade Prices To Asia
• India Crude Imports (‘000 B/D): Middle East Producers Close The Gap With Russia
• Benchmark Crude Prices ($/B)
• India’s Crude Imports In Focus As Russian VOLUMES Start To Decline