AGP Executive Report
Last update: 2 hours agoOil & Fuel: Crude pulled back Monday after topping $110 a barrel, but Iran-related supply disruptions are keeping prices high. The U.S. authorized an emergency release of up to 400,000 barrels for a Louisiana refinery and is tapping heating-oil reserves, while invoking wartime powers to spend $150 million on boosting domestic refining. A Russian diesel tanker is also headed for the U.S. under a sanctions-relief deal. Energy Storage: Samsung SDI will supply another 1 gigawatt-hour of batteries for a Texas project, bringing its deal with Alpha Omega Power to 1.5 GWh; the batteries will be made in Indiana. Gas Infrastructure: Williams is seeking permits for an 88-mile pipeline that could add 275 million cubic feet of daily gas capacity to the Northwest. Critics say rising demand is largely tied to data centers. Alaska LNG: A report says sanctioned Russian producer Novatek secretly helped fund Polar LNG, a U.S. startup pursuing an Alaska gas export project that could use Russian technology.
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