AGP Executive Report
Last update: 7 hours agoOil and Security: Brent crude stood at $107.29 a barrel on Oct. 13, about 68% above a year earlier, as Middle East attacks and threats to oil facilities kept supply risks in focus. In Yemen, Saudi-led forces told civilians to leave a petroleum company site in Sanaa ahead of an operation. Market Outlook: OPEC forecasts global oil demand at 105.72 million barrels a day in 2026 and 108.28 million in 2027, while production outside OPEC+ is expected to rise next year. Gas Growth: Saudi Aramco aims to lift gas sales 80% by 2030, with six to seven gas and LNG facilities planned for commissioning between 2025 and 2027. Clean Power: India’s renewable generation topped 100 billion units in a quarter for the first time, though coal still supplied about two-thirds of electricity. Greece has also brought a 100-MW battery facility online to store surplus renewable power. Oil Dispute: Argentina asked an international tribunal to halt UK-authorized oil development near the Falklands, escalating a long-running sovereignty dispute.
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