AGP Executive Report
Last update: 7 hours agoHeating Oil: The U.S. Energy Department will loan up to 315,000 barrels from the Northeast reserve to ease winter price pressures; borrowers must return the fuel with a premium before next season. Oil Markets: Brent topped $110 as attacks and shipping risks around the Strait of Hormuz kept prices high, even as Gulf exports rose above prewar levels through alternative routes. Energy Security: Ukrainian energy companies urged faster international aid ahead of winter, warning that Russian strikes continue to damage power, gas and heating infrastructure. North Sea Gas: The UK approved drilling at the Jackdaw gas field, drawing criticism from clean-energy groups as the government’s decision on Rosebank remains uncertain. U.S. Power Bills: Michigan’s Consumers Energy plans another gas-rate case days after regulators approved a $139 million increase; the state attorney general plans to intervene. Renewables: Wind industry leaders meeting in Beijing highlighted surging electricity demand and the push to scale wind and hybrid projects.
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