Issue 13

Oil & Gas

• Cronos FID Delayed Amid Eni-Cyprus Standoff
• BP Prepares Four-Well Egypt Offshore Campaign
• Internal Gulf Trade Flows Resume
• Iraq Turns To Trucking To Prevent Further Output Shut-Ins
• Hormuz Closure Deals Reputational Blow To LNG

Corporate

• Eni In Israel Upstream Entry U-Turn

OPEC

• Hormuz Export Losses Top 300mn Barrels

Geopolitical Risk

• Sharara Pipeline Attack A Reminder Of Libya Risks
• US’ Iranian Oil Waiver Won’t Provide Market Relief
• Lebanon In Crisis As IDF Ramps Up Military Campaign
• Prisoners of Geography: Iran’s Hormuz Leverage Alarms Gulf States
• Trump Extends Pause On Iranian Energy Attacks To 6 April

Refining & Petrochemicals

• ‘Tehran Toll Booth’ Applied As Shipowners Seek Safe Passage

Power & Water

• US Threat Risks Irrevocable Damage To Iran’s Power Grid

Economics & Finance

• Energy Price Spike Forces Egypt To Tackle Demand
• QatarEnergy Warns Of $20bn Annual Revenue Hit

News In Brief

• Adnoc Onshore Defers Maintenance To Keep Murban Flowing
• IAEA: Bushehr Strikes Risk Radioactive Leaks
• Kuwait: Overhead Power Lines Damaged In Attack
• ADNOC-OMV PREPARE TO FINALIZE GIANT PETCHEMS MERGER
• Sabic Agri-Nutrients Gets Feedstock Allocation For Ammonia Plants
• Saudi Drilling Companies SUSPEND Offshore OPERATIONS
• Israel Extends Emergency Period

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Saudi Monthly Oil Revenues ($Bn) Stayed Flat In January As Lower Prices And Increased Export Volumes Offset Each Other (Mn B/D)