AGP Executive Report
Last update: 12 hours agoSupply Resilience: Adnoc says decade-old contingency planning and costly backup infrastructure helped keep oil flowing through the Iran war. Hormuz Risks: Attacks on shipping and Gulf energy assets keep supply fears elevated; oil eased Friday but remained on track for a weekly gain, while the IEA is speeding up its emergency stock release. Iran’s Energy Trade: Despite the US blockade halting crude exports, Iran has shipped some LPG and jet fuel through covert transfers, according to shipping data. Washington has also imposed fresh sanctions on Iran-linked banks and businesses. New Gas Capacity: Türkiye’s Osman Gazi platform is due to head to the Black Sea’s Sakarya field, with output expected to more than double to 20 million cubic metres a day in 2027. Cyprus-based shipping firms are also seeking a role in the Kronos gas project, targeting first exports in 2028.
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