AGP Executive Report
Last update: 9 hours agoHormuz Shock, Iraq: Iraq’s new oil minister says exports through the Strait of Hormuz collapsed to 10 million barrels in April versus about 93 million barrels per month before the Iran war, with output now around 1.4 million bpd; Baghdad is pushing alternative routes via tanker trucks through Syria and pipeline flows to Turkey’s Ceyhan, aiming to lift Kirkuk volumes from 200,000 bpd to 500,000 bpd while talks continue with OPEC and international firms. Clean Power Push, Canada: Prime Minister Mark Carney unveiled a C$730bn clean electricity strategy to double grid capacity by 2050 and cut household costs, backed by hydro, nuclear, wind/solar plus gas and storage. Local Fuel Snapshot (US): GasBuddy reports show pockets of relief but overall volatility tied to Hormuz risk—e.g., E15 as low as $3.26 (Catawba) and E85 at $1.87 (Nassau), while diesel stays higher (e.g., $5.14 (Clark County)). Renewables, Bangladesh: Pertamina NRE is exploring Bangladesh solar and O&M cooperation via a new MoU.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
Perspectify News
