Issue 30

Oil & Gas

• Adnoc Takes FID On $6.2bn Umm Shaif Gas Cap
• Oman Gas Output Smashes Monthly Records In 1H 2026
• Oman: Record Oil Output

Corporate

• New $20bn Israel-Egypt Gas Sales Deal Planned

OPEC

• Twin Perils: Houthis Put Squeeze On Saudi Hormuz Bypass Route

Geopolitical Risk

• Houthi Threats Put Spotlight On Egypt’s Sumed Pipeline
• Houthi’s Claim Attacks On Two Saudi Tankers
• Kuwait Grapples With Fallout From Iranian Power Plant Attacks

Refining & Petrochemicals

• Saudi Arabia Key Oil Stats (‘000 b/d): Oil Burn Begins To Normalize In May

Power & Water

• ‘Mediterranean Bridge’: France, Portugal Turn To Morocco For Power
• Egypt Charts Path To 31GW Renewables By 2030

Economics & Finance

• Israel Gas Royalties Down As Lower Prices Outweigh Strong Output

News In Brief

• Trump Throws US-Saudi Nuclear Agreement Into Disarray
• Energean Boosts Israel Oil Capacity
• Egypt Gas Consumption Posts May Record
• Aphrodite Gas Sales MoU Signed
• Qatar Progresses North Field Work
• EDF Awards 500MW Oman Solar EPC
• China Slashes Middle East Oil Imports

Selected Data

• China 1H26 Crude Imports & Key Oil Data (‘000 b/d): Middle East Imports Plummet Due To Hormuz Closure
• Benchmark Crude Prices ($/B)
• Egypt Oil & Gas Output Woes Continue