AGP Executive Report
Last update: 10 hours agoOil Shock: Brent climbed above $110 a barrel as Middle East tensions threatened shipments through the Strait of Hormuz, intensifying pressure on oil-importing economies. The IMF urged India to let the rupee absorb more of the shock rather than rely on currency intervention. North Sea Gas: The UK approved drilling at Shell and Equinor’s Jackdaw field, which could lift national gas output by about 6% over 11 years, with supplies expected within weeks. The government is reportedly leaning toward rejecting the larger Rosebank oilfield, drawing criticism from campaigners and support from Donald Trump. Heating Costs: The US will release up to a third of its Northeast heating oil reserve as prices surge; the national average has reached $6.14 a gallon, more than double a year ago. Energy Transition: Malaysia’s MRT Corp and Tenaga Nasional will explore solar power and efficiency upgrades for rail infrastructure, starting with the Johor Bahru–Singapore link.
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