AGP Executive Report
Last update: 3 hours agoOil Markets: Brent and WTI slipped about 1% to $114.81 and $100.88 a barrel as renewed diplomacy raised hopes of easing US-Iran tensions, though attacks on Saudi infrastructure keep supply risks in focus. Clean Power: IRENA expects global clean-energy additions to fall for the first time in five years, citing grid bottlenecks and trade barriers; renewable projects are increasingly outpacing the networks needed to carry their electricity. Solar Push: Thailand approved a 50-billion-baht rooftop-solar program offering support to one million households, alongside more than 20 billion baht for smart-grid upgrades that would let households sell surplus power. Gas Developments: Eni has signed key contracts for Cyprus’ first gas project, with production from the 3-trillion-cubic-foot Cronos field targeted for 2028. Woodside, meanwhile, agreed to sell its Greater Sunrise stake to Timor-Leste’s Timor Gap, giving the state company full control as it presses ahead with a pipeline plan. Energy Security: A UN inquiry says Russian attacks on Ukraine’s energy infrastructure amount to war crimes, reporting prolonged winter outages that cut heating, power, water and gas for millions.
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