AGP Executive Report
Last update: 11 hours agoOil Markets: Oil prices plunged about 5–7% after Trump paused a planned attack on Iran and said talks to reopen the Strait of Hormuz would start Monday, easing near-term supply fears. OPEC+ Supply: The market also digested an OPEC+ plan to raise September output by 188,000 bpd, adding to the pressure on crude benchmarks. Renewables Dealmaking: TotalEnergies agreed to buy Shell’s European onshore renewables business (about 4 GW portfolio) and also struck a separate deal to sell half of a 1.2 GW onshore renewables portfolio to KKR, signaling continued capital reshuffling in Europe’s power transition. Grid & Water Stress: Hungary faces a first-ever shutdown risk at Paks as Danube water levels hit record lows, while Romania is using controlled explosions to divert Danube water to keep Cernavoda running. Local Energy Costs: In the Philippines, transport groups plan a three-day strike Aug. 10–12 over fuel hikes, though oil companies are set to roll back prices Aug. 4. Power Outages: Cuba reported another nationwide blackout after a total disconnection of its grid, deepening its long-running energy crisis.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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