AGP Executive Report
Last update: 9 hours agoRegional Energy Ties: Saudi Arabia signed agreements with Kuwait, Qatar and Egypt spanning oil, gas, electricity and renewables, including plans to explore joint infrastructure and storage projects. Oil and Fuel Supplies: Crude prices have climbed above $100 a barrel amid Houthi attacks on Saudi energy interests and risks to Gulf shipping. The IEA cut its oil-demand outlook, while warning diesel supplies could remain tight into 2027. Ukraine’s Power Grid: Russian strikes hit power plants and other energy sites despite President Trump’s proposed ceasefire, leaving about 600,000 people without electricity and damaging oil and gas facilities. Gas Trade: Taiwan confirmed plans to buy 6 million tonnes of LNG a year from a proposed Alaska pipeline, with investment of up to $4.4 billion. Grid Reliability: The U.S. ordered emergency measures across the PJM power network as high demand, planned outages and transmission constraints threatened supply.
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