AGP Executive Report
Last update: 5 hours agoEnergy Shock: Houthi strikes on Saudi energy infrastructure sent European gas to its highest levels since 2022, with winter supply worries mounting as EU storage sits at 75%. EU ministers will weigh supply security and ways to curb bills. Oil prices eased as fresh US-Iran diplomatic contacts raised hopes of de-escalation, though military action remains a risk. Household Costs: The UK Budget promises £100 energy payments for millions of households and changes to gas standing charges, as ministers seek to soften the impact of soaring prices. US Energy Policy: The Energy Department awarded Alliant Energy a conditional $5.1 billion loan for natural-gas generation and storage, underscoring Washington’s shift toward conventional power. Clean Power: The Philippines says Mindanao could add at least 1,000 MW of renewables within three years, aiming for an even split between clean energy and fossil fuels by 2030.
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