AGP Executive Report
Last update: 4 hours agoStrait of Hormuz Watch: Japan’s PM Sanae Takaichi urged “free and safe passage” for ships in phone talks with Iran, as oil and shipping risk premiums keep markets jittery. Regional Macro: AMRO cut ASEAN+3 inflation to 1.8% but warned West Asia disruption is still feeding higher energy, commodity and logistics costs, with petroleum supplies tightening. India Energy Security: India’s LPG sourcing is shifting fast—US now supplies 55% of imports in May as Gulf cargoes fall—while India also tightens silver import rules, adding prior approvals. Power & Renewables Buildout: Avaada secured $950m for firm and dispatchable renewables plus solar in Rajasthan and Gujarat; Invergy opened a 3 GWh BESS factory in Uttar Pradesh; Sungrow unveiled a smart BIPV module for smarter solar plants. Shipping Decarbonisation: COSCO’s retrofit work delivered the first methanol dual-fuel container retrofit under Seaspan’s program, cutting the vessel’s EEDI by ~55%. Policy & Trade: India-US negotiators started a three-day round to finalize an interim trade deal; India-Myanmar agreed to expand trade via the rupee-kyat settlement, including energy and mining. Market Mood: Oil slipped on mixed Iran talk signals while gold steadied, and energy-focused equity funds outperformed amid power, oil & gas and renewables earnings optimism.
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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