AGP Executive Report
Last update: 8 hours agoUK Energy Bills: Ofgem confirmed the price cap jump from July 1: a typical dual-fuel household will pay about £1,862 a year, up £221 (13%), with gas rising far faster than electricity—another direct hit from Middle East-driven wholesale volatility. Oil Market Mood: Oil prices slipped after renewed Iran–US tensions clouded hopes for reopening the Strait of Hormuz, even as some LNG traffic eased fears. Consumer Shock Backdrop: A new World Consumer Outlook says the 2026 oil shock slowed middle-class growth, but the baseline still projects 113 million new entrants—while a worse scenario could cut that sharply. Energy Security Moves: Bangladesh is pushing Tk 3,600 crore into gas and power projects, including remote-area solar. Regulatory Crackdown: Indonesia has launched a crackdown on major palm oil exporters over alleged export mispricing and transfer pricing. Volcano Watch: In the Philippines, Taal’s SO2 emissions eased, but it remains seismically active.
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