AGP Executive Report
Last update: 2 hours agoOil & Refining Shock: Iran war disruption is still paying off for Big Oil, with Exxon and Chevron profits surging as Strait of Hormuz bottlenecks lifted crude and fuel costs—while analysts warn the refining boom won’t last as EV demand reshapes the long-term outlook. FX & Energy Inflation Spillovers: The US and Japan intervened to support the yen after it hit multi-decade lows, with energy costs tied to the Iran conflict cited as part of the inflation pressure. Australian Grid Planning: Long-duration storage is moving from “nice to have” to “must build”: NSW and Victoria are effectively setting an eight-hour discharge expectation, aiming to cover the post-sunset gap when solar drops and thermal plants can’t ramp fast enough. AI Data Centres & Power: 1414 Degrees has signed a deal for up to 1GW of AI load at South Australia’s Aurora Energy Precinct, starting with a 17MW campus backed by solar and BESS before scaling with a higher-voltage connection. Carbon Capture Debate: A new study says CO2 from dirty factory flue gas can be converted straight into fuel inputs without full purification—adding fuel to the CCS argument as governments weigh cost and performance risks.
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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