AGP Executive Report
Last update: 6 hours agoEnergy Outlook: Rystad Energy says global reliance on imported energy could peak by 2034, as geopolitical shocks expose risks to interconnected fuel, food, logistics and manufacturing supply chains. Oil and Refining: Moscow says it could supply up to 3.5 million tonnes of diesel to world markets, including the US, by year-end. The IEA expects little effect on global supply, citing limited Russian refinery capacity; a strike also sparked a fire at the Ryazan refinery. Russia’s oil and gas revenues are forecast to rise 10% year on year in October to $12 billion. Trade Flows: Russian crude shipments to India are expected to hold near 1.8 million barrels a day in October, while imports from Venezuela and Angola grow. Industrial Capacity: Russia says domestic firms now supply more than 84% of its oil and gas equipment, but business investment stalled in the third quarter as profits fell and uncertainty persisted. Coal output is also forecast to edge down this year.
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