AGP Executive Report
Last update: 8 hours agoOil Market Whiplash: Crude rebounded after reports of US strikes on Iran raised fresh supply concerns, following a more than 7% plunge on hopes for renewed diplomacy. Aramco, meanwhile, reported a 34.6% jump in third-quarter profit as high prices and conflict-driven disruption lifted earnings. Europe’s Gas Risk: The IEA warned Europe could face a winter shortage if Strait of Hormuz disruption persists; storage is at its lowest level since 2013, while Azerbaijani pipeline exports are expected to stay near capacity. Renewables Growth: India’s renewable capacity has topped 300 GW, with the IEA forecasting about 530 GW by 2030. Pakistan’s Pioneer Cement has commissioned a 28.3 MW solar plant, expected to meet around 45% of its annual power needs. Gas Deals and Investment: TotalEnergies is acquiring a 30% operated stake in two Malaysian gas fields, while the UAE says it plans up to $54 billion in energy investment by 2030. Ukraine’s Grid Under Fire: Russian attacks damaged energy facilities, leaving more than 180,000 customers without power in Zhytomyr and forcing outages in other regions.
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