AGP Executive Report
Last update: 9 hours agoMiddle East Fuel Watch: Philippines Sen. Pia Cayetano urged the Department of Energy to quickly pass through any global oil-price drop from the US-Iran deal to local pump prices, citing estimates of next-week diesel and gasoline declines. Oil Market Signals: India’s Russian crude imports are set for a record June as Hormuz disruptions reshuffle flows and discounts keep refiners buying. Energy Security Diplomacy: Türkiye and Germany pledged deeper cooperation on energy and critical minerals, pointing to Hormuz-linked geopolitical risk and the need to diversify dependencies. Gas Supply & Policy: Slovakia’s state energy firm says it expects to cover most 2026 gas needs via Russia under updated Gazprom Export terms aligned with EU REPowerEU rules. Regional Projects: Nigeria’s crude output rise above its OPEC quota is attributed to better pipeline security and reduced theft. Renewables Build-Out: New Mexico’s SunZia renewable project is now operating, expected to generate more power than Hoover Dam. Local Grid Pressure: UK Bank of England held rates at 3.75% as energy prices eased but stayed volatile. Energy Transition at Home: South Oxfordshire’s Wheatley sports centre is now fully gas-free after solar, insulation, and heat-pump upgrades.
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