Issue 24

Oil & Gas

• HKN, ConocoPhillips Strengthen US Position In Syria’s Upstream
• Iraqi Fuel Oil Exports Via Syria Surge
• UAE Oil Sector Stabilizes Amid Ceasefire
• Egypt Prioritizes Cyprus Gas Projects As Supply Crunch Deepens

Corporate

• Israel Committee To Endorse Gas Export Expansion

Geopolitical Risk

• Iraq Forced To Borrow As Oil Revenues Dwindle
• Gulf Producers Develop Hormuz Shuttle Route To Beat Strait Closure
• UAE’s Hamriyah Embraces Trucking As Fujairah Struggles

OPEC

• Oil Inventories On Course For Record Lows

Refining & Petrochemicals

• Record Red Sea Products Exports For Saudi Arabia
• IATA Warns Of Jet Fuel Physical Shortages

Economics & Finance

• Egypt Clears IOC Arrears, Will Production Increases Follow?

Power & Water

• Morocco Gas Sector Reforms Stall As Output Hits All-Time Low
• Algeria Breaks Ground On Trans-Saharan gas pipeline

News In Brief

• Exxon Executives Meet Iraq’s New Oil Minister
• Gazprom Takes On Kurdistan’s Garmian Block
• Uae’s Alcazer To Operate Egypt 580mw Wind Farm
• Middle East Conflict Passes The 100-Day Mark

Selected Data

• Shell, Qatar Strike Oil In Namibia
• Crude Official Selling Prices ($/B): Aramco Cuts July Prices Across The Board
• Benchmark Crude Prices ($/B)
• Egypt Western Desert Gas Gains Continue In 2026