AGP Executive Report
Last update: 9 hours agoOil Markets: Brent climbed above $100 a barrel as fresh attacks on Saudi infrastructure revived supply fears. OPEC+ kept November output targets unchanged, while industry leaders warned that accessible global oil stocks are running dangerously low. Kuwait Energy: KPC says it is maintaining annual investment of $9–10 billion and remains on track to raise production capacity to 4 million barrels per day by 2035, despite regional turmoil. Projects: GCC contract awards fell 37.2% year on year to $47.4 billion in the third quarter, though nine-month awards were up 2.5% at $204.1 billion. Regional Trade: Kuwait proposed a digital “industrial passport” to ease product movement across GCC markets and cut paperwork for manufacturers. Startups: MENA funding rebounded to $1.1 billion in September, but Saudi Arabia accounted for about 86% of the total, led by several large fintech deals.
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