AGP Executive Report
Last update: 7 hours agoIran Talks & Oil Prices: Vice President JD Vance said U.S.-Iran negotiations have made “some progress,” but warned Tehran must prove it can meet Washington’s longer-term demands; meanwhile, oil prices climbed as Hormuz reopening hopes hit an impasse and Trump pressed Iran to compensate for war-related deaths and damage. U.S. Shipping Costs: Trump extended a Jones Act waiver for 90 days, aiming to keep lower-cost energy moving from the South to New England, with case-by-case Pentagon review for proposed voyages. Gas Prices Watch: Wyoming’s average gasoline rose 0.7 cents to $4.10/gal, while the national gasoline average fell 10.7 cents to $3.94/gal; diesel averaged $5.27/gal. Safety & Industry: The U.S. Chemical Safety Board said a deadly U.S. Steel Clairton Coke Plant explosion “should never have happened,” citing multiple preventable process safety failures. Midland Basin Expansion: Brazos Midstream announced a Cassidy II cryogenic natural gas processing plant adding 300 MMcf/d, targeting summer 2027 operations. Carbon Storage Liability: California still hasn’t finalized carbon storage rules, leaving questions about who pays if something goes wrong as Elk Hills begins CO2 injections.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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