Pre-Trading Thoughts

Egypt’s natural gas imports from Israel have dropped 19% to 650 million cfd on Monday after Chevron Corp. was instructed by Israeli energy ministry to shut down the Tamar natural gas field. The Egyptian parliament’s Transport Committee approved a draft bill allowing Egypt’s Transport Ministry to hand AD Ports a USD200 million 30-year concession to build, manage, operate, and maintain a multipurpose terminal at the Red Sea port of Safaga. Egypt's wheat imports jumped by c. 30% during 9M2023,...