AGP Executive Report
Last update: 9 hours agoEnergy Security: The IEA says Saudi crude supply fell to a more than three-decade low in August, after attacks tied to Yemen’s Houthis and Iran-backed strikes hit key facilities and shipping near Bab el-Mandeb, Jazan and Yanbu. Oil Trade: Middle Eastern crude exports rebounded in September to about 12.8m bpd as Hormuz flows gradually recovered, though still far below February levels. Iraq Exports & Imports: India’s state refiner bought 2m barrels of Iraqi Basrah Medium and Heavy for October delivery at roughly a $28/bbl discount to Dubai, while Iraq continues rerouting energy via Syria as Hormuz risk persists. Cross-Border Fuel Corridor: Syria has started shipping imported petrol to Iraq through the Banias port under a renewable three-month deal, with initial batches of tanker trucks and plans to scale up. Iraq Market Watch: The ISX traded over $4.58m last week (about 6.6bn dinars), with the ISX60 index edging up. Digital Infrastructure: Iraq officially licensed Starlink satellite internet, with regulators saying network oversight remains sovereign. Industry & Investment: Basra’s oil, gas, energy and petrochemicals expo wrapped up with about 300 companies from 18 countries.
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