AGP Executive Report
Last update: 10 hours agoOil & Markets: JPMorgan cut its 2026 Brent outlook, now projecting $86/bbl for Q3 and $80/bbl for Q4, warning of a potential oversupply that could force production curtailments into early 2027. Electricity & Utilities: GPL says it’s near the finish line on talks with Karpowership for continued rental support after the prior contract expired, while a PUC report flags rising system losses (25.43% in 2025) and a drain of skilled staff to the oil sector. Local Governance & Social Spending: Over 1,000 local government officials are set for stipend increases within days, and President Ali outlined a social housing strategy aimed at disabled persons and single parents, targeting zero housing backlog in four years. Housing/Business Development: Massy Guyana broke ground on a US$75M “Massy Hub” at Houston, including a 190,000 sq ft distribution warehouse, with completion targeted for 2028. Energy/Skills & Inclusion: ExxonMobil and GCOPD launched Phase 5 of an Independent Living Skills programme for people with disabilities, while Council of Persons with Disabilities links up with Exxon for training and mobility support. Regulation & Environment: Former EPA head Dr. Vincent Adams warned Guyana lacks capacity to safely oversee uranium mining, as the Kurupung project advances. Governance Watch: The PAC row deepened as opposition leaders accuse the government of blocking quorum and delaying oversight. Disaster Response (Regional): President Ali offered condolences and assistance to earthquake-hit Venezuela; CARICOM also issued solidarity as the death toll rises.
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.