AGP Executive Report
Last update: 24 minutes agoHormuz Risk: Iran’s Revolutionary Guard says two supertankers carrying more than 4 million barrels were disabled by explosions after ignoring warnings in the Strait of Hormuz. The vessels and damage have not been independently confirmed, but the claim adds to mounting risks on a vital oil route. Oil Markets: Prices slipped on Thursday as rising supply and hopes for diplomacy offset shipping fears. OPEC+ output rose 2.04 million barrels a day in October, led by Saudi Arabia, nearing pre-war levels. Renewables: Saudi Arabia is seeking bids for 1.9 gigawatts of solar projects within a 3.2GW renewables tender. Türkiye also secured a five-year, $6 billion EBRD commitment for clean energy investment, including solar, wind and grid upgrades. Gulf Industry: Emirates Global Aluminium reported a 9% fall in nine-month adjusted profit, citing lost production after an attack on its Al Taweelah plant and export disruption.
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