AGP Executive Report
Last update: 10 hours agoMiddle East Energy Shock: Oil prices surged as Israel hit Iran’s Mahshahr petrochemical complex and renewed strikes rattled Lebanon, pushing Brent above $97 and WTI above $94, while markets fretted about longer Strait of Hormuz disruptions. OPEC+ Signals vs Reality: OPEC+ approved a fourth straight July output quota hike of 188,000 bpd, including Oman, but analysts say it may be mostly symbolic while Hormuz remains constrained. Oman’s Energy Numbers: Oman reported 4.6% growth in natural gas output to 18.77 billion cubic metres by end-April, with higher associated and non-associated production. Shipping Pressure Points: Iran floated reopening the Strait of Hormuz under new conditions and fees, while Houthis vowed to ban Israeli navigation in the Red Sea—raising risks for regional logistics. Oman Renewables Push: Nama PWP invited bids for project management and supervision for the 300 MW Marsa Solar IPP, with submissions due July 26. Customer Experience in Focus: Oman CX Forum & Awards 2026 is set for June 10 in Muscat, bringing industry leaders to discuss customer experience and digital-first engagement.
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