AGP Executive Report
Last update: 2 hours agoHormuz Tensions: Iran says the Strait of Hormuz will no longer operate under its previous arrangements, raising fresh concerns for a vital route for global energy shipments. Eight countries have urged diplomacy to prevent further escalation, as attacks and threats keep oil prices elevated. Energy Politics: British Columbia’s Conservatives have won power after nine years of NDP rule, promising to double natural gas production by 2032 and revive oil and gas investment. Power Demand: Malaysia’s Johor state is targeting 5 gigawatts of solar in the next four to five years as data centres could consume 18% of Peninsular Malaysia’s electricity by 2031. Industry: Saudi petrochemicals giant Sabic returned to profit in the third quarter, with revenue up 14% from the previous quarter despite regional conflict. War and Energy Security: Russian attacks damaged energy infrastructure in Ukraine’s Zhytomyr region, while Ukraine’s strikes on Russian energy sites have strained ties between Trump and Zelenskiy.
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