AGP Executive Report
Last update: 2 hours agoGas Security: Mexico is scrambling to manage a roughly 20% cut in U.S. gas deliveries; with about three-quarters of its supply imported from the U.S., officials say coordinated measures could cover a disruption for up to three days. The government is also looking to renewables, efficiency and capturing flared gas to reduce dependence. Oil Markets: The IEA is accelerating previously announced stock releases and prioritising diesel, potentially bringing about 100 million barrels to market as Iran-war disruptions and tanker attacks keep prices volatile near $100 a barrel. Outlook: The IMF warns high energy prices and supply constraints could persist into 2027, with tight refining capacity pushing up diesel costs. Industry Costs: UK manufacturers pay far more for energy than overseas rivals; a report estimates they would save £11.4 billion a year at U.S. prices. Supply Deals: Kazakhstan and Russia renewed their oil-supply agreement through 2028, while a South African gas project gained strategic infrastructure status.
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