AGP Executive Report
Last update: 6 hours agoMiddle East Oil Shock: Oil jumped to near $87 a barrel as the U.S. reinstated a naval blockade and renewed strikes around the Strait of Hormuz raised fresh supply fears, with tankers hit and crews reported injured. Inflation Watch: U.S. CPI cooled in June (3.5% year-on-year) helped by falling gas and energy prices, but economists warn the Iran-driven oil spike could reverse progress. Retail Fuel Pressure: Gas prices ticked up in the U.S. after weeks of declines, with GasBuddy pointing to the ceasefire collapse and renewed attacks. EU Energy Efficiency: Eurostat says 23.9% of EU residents lived in homes with energy-efficiency upgrades over the past five years; Bulgaria is above the EU average (29.9%). Renewables Buildout: Philippines President Marcos inaugurated Phase I of Meralco’s MTerra solar-plus-battery project, aiming to cut coal-heavy reliance. Waste-to-Energy Push: Slovakia’s environment ministry cleared Slovnaft’s Bratislava waste-to-energy plant for 2029/30. Grid & Storage Tech: Hitachi Energy won a 110kV grid connection contract for a Frankfurt data center; Meine Electric unveiled a fast-charging iron-air long-duration storage system. Nuclear Fuel Deal: India and Australia finalized arrangements enabling long-term uranium exports for India’s nuclear expansion. Nigeria Oil Economics: Nigeria’s crude output hit a 74-month high, but analysts flag ongoing operational and security constraints as prices rise.
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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