Volume 67, Issue 44

1 November 2024

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Oil & Gas (4) Corporate (3) OPEC & Global Markets (1) Geopolitical Risk (1) Refining & Petrochemicals (2) Power & Water (2) Economics & Finance (1) News in Brief (7) Selected Data (6) Op-Ed & Documents (1)

Oil & Gas

Libya Exploration Reboot As Eni/BP & OMV Kick Off Drilling

Maps included Eni/BP and OMV kick off exploration campaigns in Libya

Egypt’s Zohr: Eni To Re-Boot Activity On Improved Payments Amid Falling Output

Charts included Eni Net Egypt Gas Output Slumps To Lowest Since Early-2018 Zohr Start-Up*

Cairo Frustrated As Nargis Faces Further Delay

Qatar Crude Output Tops 600,000 b/d For First Time Since 2018

Charts included 1: Al Shaheen Rebound Boosts Qatar Crude Output To 5-Year High For 2023... Charts included 2:... With Qatar Marine At 3-Year High (‘000 b/d) Maps included Qatar Key Oil And Gas Infrastructure

Corporate

Total And QatarEnergy Finalize Iraq Solar Stakes

Charts included The Gap Between Iraq’s Peak Power Supply And Demand Is Only Expanding (GW)

Middle East Gasoline Traders Feel Pinch Of Falling Margins

Maps included Fujairah Oil Storage Facilities And Refineries

Montfort Fuel Trading Division Hits The Buffers

OPEC & Global Markets

LNG Markets: Strong But Steady Growth With New Supply Set To Cap Prices

Charts included 1: Asian* Lng Imports Are Up 8% On 2023 But Remain Shy Of 2021’s Record Levels (mn tons) Charts included 2: China’s Gas Demand And Output Are Both Running At Record Levels (bcm).... Charts included 3: ...As Are China’s Overall Gas Imports. But Thanks To Record Russian Pipeline Volumes (mn tons)... Charts included 4: ...LNG imports remain shy of 2021’s record levels (mn tons) Charts included 5: China Has Surged Ahead As Qatar’s Top Asian Customer (mn tons)... Charts included 6:... But Australia Remains Well Ahead Of Qatar In Terms Of China’s Top LNG Suppliers (mn tons)

Geopolitical Risk

Tehran Takes Wary View Of US Presidential Elections

Charts included 90% Of Iran’s Oil Exports* Head To China (mn b/d)

Refining & Petrochemicals

Iraqi Fuel Oil Export Surge Raises Smuggling Concerns

Charts included Seaborne ‘Iraqi’ Fuel Oil Exports Are At Record Highs (‘000 b/d) Maps included Southern Iraq: Oil Fields, Gas Processing And Product Export Terminals

Saudi Halts Bab al-Mandeb Fuel Oil Transfers

Maps included Saudi Arabia Plans Major Gas Pipeline Expansion To Handle Increased Volumes

Power & Water

Morocco Ramps Up Green Power, Hydrogen & Battery Ambitions

Maps included Southern Morocco Is Already Host To 1.4GW Wind Capacity* With Much More Planned To Power Xlinks & Green Hydrogen Projects

Qatar Solar Hits 3% Of 2023 Powergen, Targets 18% By 2030

Charts included 1: Qatar Power Generation Continues To Smash Annual Records (TWh)... Charts included 2: ...With 2024 Setting New Monthly Record Highs (TWh) Charts included 3: Whilst Solar Powergen Peaked In 2023’s Summer Months, Overall Demand Rose More (TWh)

Economics & Finance

Saudi Energy Minister: We Will Make Money From The Energy Transition

Tables included 1: Saudi Arabia's 42GW Thermal Power Capacity Expansion Plans (GW) Tables included 2: Saudi Arabia's Grid Connected Renewable Projects Charts included Saudi Arabia Electricity Generated From Renewables (TWh)

News in Brief

Iraq Inks Bid Round Contract

Iraq Signs Mansuriya Gas Development Deal

Kuwait: New Oil Minister

Kuwait-Korea Oil Storage

Israel’s Karish: Oil Train Installation Begins

Cyprus LNG Import Plans Edge Forward

Key Gulf Crude OSPs ($/B)

Tables included Key Gulf Crude OSPs ($/B)

Selected Data

Saudi LPG Official Contract Prices ($/T)

Tables included Saudi LPG Official Contract Prices ($/T)

China LNG Imports Up 12% For 9m 2024 But Still Below 2021’s Record Levels

Tables included China LNG Imports Up 12% For 9m 2024 But Still Below 2021’s Record Levels

Japan 9M24 LNG Imports: Oman Overtakes Qatar As Top Mideast Supplier

Tables included Japan 9M24 LNG Imports: Oman Overtakes Qatar As Top Mideast Supplier

Korea 9M24 LNG Imports: Top Supplier Australia Pulls Away From Second Placed Qatar

Tables included Korea 9M24 LNG Imports: Top Supplier Australia Pulls Away From Second Placed Qatar

Benchmark Crude Prices ($/B)

Tables included Benchmark Crude Prices ($/B)

US Oil Output Hits New Record 20.43mn B/D For August As NGLs Output Tops 7mn b/d

Charts included US Oil Output Hits New Record 20.43mn B/D For August As NGLs Output Tops 7mn b/d

Op-Ed & Documents

Changing Winds: Redefining The UAE’s Sustainable Energy Future

Maps included Ewec’s Power Generation Facilities Charts included Abu Dhabi ‘Clean’ Power Generation (TWh): Nuclear And Solar Together Now Account For Nearly 40% Of The Ewec Total

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