AGP Executive Report
Last update: an hour agoWest Asia Energy Shock Watch: With the Strait of Hormuz effectively blocked for months, crude is still staying under $100 a barrel thanks to workarounds like record US exports and a sharp slowdown in Chinese demand, but analysts warn the buffers won’t last forever. India–Venezuela Energy Ties: Venezuela’s acting president Delcy Rodríguez toured India’s Jamnagar refinery and pushed for deeper oil-and-gas cooperation, while Indian firms signal interest in expanding in Venezuela as New Delhi diversifies crude supply. Frontier Gas Find in India: Oil India reported natural gas in the Andaman Offshore Basin from the Sri Vijayapuram-3 well, with sampling and testing under way—another step toward reducing import dependence. ASEAN Energy Regulation: Malaysia’s Energy Commission is studying an energy regulatory sandbox aimed for a 2027 launch to test new tech and business models while keeping system stability. Consumer Energy Costs, India: India standardised edible oil pack sizes to improve price transparency, while West Asia-linked fuel price pressure is expected to strain household budgets. Energy Tech Industry: China’s new-generation axial flux motors have entered mass production for electric drive buses, boosting efficiency and helping scale EV-related supply chains.
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