AGP Executive Report
Last update: 7 hours agoOil Supply Risks: Brent topped $111 a barrel as attacks on Saudi targets and reports of damaged vessels near the Strait of Hormuz heightened fears of disruption. Rising shipping costs are also squeezing refiners and driving up fuel costs. North Sea Gas: The UK approved the Jackdaw project off Scotland, saying it would bolster domestic supply; gas could begin flowing later this year. Pipeline Investment: Kinder Morgan approved $4.7 billion for two US gas pipeline projects, citing demand from power generation, data centres and LNG exports. Grid Demand: Singapore is planning grid upgrades and supply diversification as electricity demand is forecast to grow 2.9% to 6.5% annually over the next decade. Investment Outlook: An Adipec survey found 85% of energy insiders see the sector as more attractive to investors than five years ago, despite geopolitical risks.
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