AGP Executive Report
Last update: 3 hours agoOil Market Volatility: Oil prices bounced after a sharp sell-off as hopes for progress in US-Iran talks lifted sentiment, but Iran’s stance and renewed shipping risks kept the Strait of Hormuz in focus; Aramco warned global inventories are down by 2.6bn barrels since the conflict began. Iraq Energy Deals: Iraq signed major Arab-region oil and gas agreements in July, including nine oil-field projects with US firms, aiming to raise output toward 6 mbpd and boost associated gas. Power Trading in India: India’s IEX saw July power trade rise 7.7% year-on-year to 13,527 MU, with higher demand pushing up day-ahead prices. Renewables & Grid Buildout: Apraava Energy acquired an SPV for a 765 kV transmission project in Andhra Pradesh to evacuate about 3 GW of renewables. Nuclear Under Climate Pressure: Europe’s heat and drought are disrupting nuclear operations, including a near-shutdown risk at Hungary’s Paks plant and a diesel-generator run at Ukraine’s Zaporizhzhia site. Solar Supply Chain Policy: The US is reportedly preparing a polysilicon price floor and tariffs to counter China, a move aimed at protecting key solar and semiconductor inputs. Waste-to-Energy Push: Morocco approved a $1.5bn Casablanca waste-to-energy plant targeting 115 MW from waste, landfill gas and solar.
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