Issue 39

Oil & Gas

• Hormuz “Never Going To Be Obsolete” Says Qatari Energy Minister
• Israel Gas Review Opens Door To Potential Cyprus Pipeline

Corporate

• QatarEnergy Poised To Start Up Texas Ethane Cracker

OPEC

• Middle East Oil Exports Hit Conflict High As Diplomacy Stalls

Geopolitical Risk

• Libya Petroleum Guards Escalate Protests With Sharara & Zawiya Closures
• Algeria-UAE Rupture Complicates Regional Diplomacy

Refining & Petrochemicals

• Egypt Increases Refinery Runs To Cut Fuel Imports
• Hormuz Crisis Leaves Iraq Short Of Gasoline
• Iraq To Reverse Industry Fuel Hikes

Economics & Finance

• Egypt’s Economy Manages Regional Shock Without Currency Crisis

Power & Water

• Spotlight On Saudi Arabia’s West Coast Desalination
• Saudi Arabia Brings Oil Burn Back Down
• Kuwait’s Power System Passes Summer Test
• Abu Dhabi Doubles Its Solar Target To 35+GW By 2035

News In Brief

• Saudi Arabia: More CCGT Gains
• Bahrain Crude Cargo Exported
• SLB Wins Major Saudi Drilling Contract
• Nicosia Presses Us Majors To Accelerate Gas Development
• Genel Retakes Lead In Capricorn Takeover Battle
• Qatarenergy Eyes Venezuela Entry
• OQEP Goes Solo In Three Oman Blocks
• Iraq Sells Qayara Oil Offshore Sohar

Selected Data

• Crude Official Selling Prices ($/B) : Adnoc Prepares For Methodology Switch
• Benchmark Crude Prices ($/B)
• Saudi Oil Export Revenues Drop To Lowest Since May 2025