AGP Executive Report
Last update: 5 hours agoOil Supply Risks: Brent hovered near $113 a barrel after a 4% jump to a five-month high, as Houthi attacks on Saudi Arabia and reported tanker strikes in the Strait of Hormuz raised fears of wider disruption. Saudi Arabia reported two deaths in an attack on Dammam airport; Aramco evacuated staff from its Dhahran headquarters. Pump Prices: An operating problem at ExxonMobil’s Joliet refinery sent gasoline prices sharply higher across five Midwestern states, led by a 17-cent overnight rise in Michigan. LNG Expansion: Qatar’s North Field West project drew bids from at least seven contractors, advancing a plan to lift the country’s LNG capacity from 77 million to 142 million tonnes a year. Methane Rules: The European Parliament backed delaying key methane requirements for oil, gas and coal importers until 2031, citing strained markets and supply concerns. Winter Readiness: Britain’s grid operator says supplies should cover winter demand, though gas plants may be needed during cold, still periods when renewable output is low.
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