AGP Executive Report
Last update: 4 hours agoOil Markets: Crude rebounded as traders weighed hopes for a US-Iran de-escalation against continued attacks and shipping risks in the Strait of Hormuz. Brent rose to about $92 a barrel after a steep two-day slide. Offshore Wind: RWE and KKR reached a final investment decision on two UK projects off Norfolk, committing around £12 billion to deliver 2.8 GW of capacity from 2030. Grid Resilience: The IEA launched a global observatory to track energy disruptions and map infrastructure exposed to hazards; it says outages have left about 190 million customers without power annually since 2022. Energy Outlook: Wood Mackenzie says countries prioritising energy security may accelerate electrification and land near a 2.5°C warming pathway, while its growth-first scenario reaches 3°C. Ukraine: Russian strikes on energy facilities left about 135,000 consumers in Odesa region without electricity as repair crews worked to restore service. Nuclear Power: Estonia’s Fermi Energia narrowed its shortlist for a proposed 600 MW plant to three sites, with safety, environmental and technical reviews ahead.
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