Malaysia’s energy push, booming AI fortunes, and shifting oil markets dominate today’s AGN Evening Update.

H2: Malaysia

• Petronas plans further LNG projects in Canada with 50 TCF of reserves, aiming to make the country a major LNG supply base.
  
• Palm oil stocks hit 2.11 million metric tons, highest in nearly two years.
  
• RM3.29 billion in AI investments approved in H1 2025, with nearly 7,000 jobs in the pipeline.
  
• Over 6,000 Malaysians renounce citizenship for Singapore in just six months.
  

H2: International

• Oil prices dip as US–Russia prepare for peace talks on August 15, potentially lifting sanctions on Russian oil.
  

H2: Asia

• AI wealth creation hits record pace, minting dozens of billionaires in just months, with San Francisco surpassing New York in billionaire count.

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