AGP Executive Report
Last update: 12 hours agoOil Output: OPEC crude production jumped by 1.97 million barrels per day in October, led by Saudi Arabia and Iraq. Equatorial Guinea’s output slipped by 1,000 bpd to 44,000. Shipping Costs: CMA CGM’s peak-season surcharge for qualifying South China shipments to Equatorial Guinea reached $950 per container from Nov. 8, raising costs for importers. Gas Infrastructure: Chevron awarded EnerMech pre-commissioning work on a 19-kilometer flowline linking the offshore Aseng gas field to existing infrastructure, a step toward monetizing offshore gas. Economic Outlook: The World Bank says falling hydrocarbon production is weighing on growth and jobs. It projects the economy will contract by about 1% a year in 2026 and 2027, and calls for stronger private businesses and growth beyond oil and gas.
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