AGP Executive Report
Last update: 8 hours agoEnergy Shock: Oil above $100 a barrel and disrupted Gulf shipping are driving up fuel costs. IMF chief Kristalina Georgieva warned prices could stay high even if the conflict eases, while the IEA is due to discuss a proposed release of oil and diesel reserves. War and Supply: Russia’s latest strikes hit Ukrainian energy infrastructure, prompting Kyiv to report attacks on Russian oil facilities. India has proposed an energy and Black Sea ceasefire as part of efforts to end the war. Europe’s Response: The EU unveiled measures to curb energy costs and delayed methane rules by a year. Balkan ministers also agreed to advance pipeline links aimed at diversifying gas supplies and easing winter price risks. Asia’s Security: Rising electricity demand is adding pressure across Southeast Asia, the IEA says. Philippine President Ferdinand Marcos’s Singapore visit will include talks on investment, nuclear energy and regional cooperation.
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