Energy:
1. Hungarian Prime Minister hopes to meet with Trump to seek an exemption from Russian oil sanctions.
2. German Energy Minister: US sanctions against Russian oil companies do not apply to German subsidiaries.
3. Total CEO: The oil market underestimated the impact of sanctions against Russia; the actual impact is already evident.
4. Under pressure from US sanctions, Lukoil seeks to divest its overseas operations.
5. Kazakhstan and ExxonMobil begin negotiations on the expansion of the Kashagan oil field.
6. Texas provides a $1.1 billion loan to support the construction of a gas-fired power plant in the Permian Basin.
7. Russian gas giant Gazprom reduces its 2026 investment to 1.1 trillion rubles.
8. Japan's Ministry of Economy, Trade and Industry: Japan's kerosene sales in September increased by 5.3% year-on-year, gasoline sales increased by 1.0% year-on-year, and crude oil imports decreased by 2.9% year-on-year.
9. Trade sources say that Indian Oil Corporation purchased five shipments of Russian ESPO crude oil, scheduled to arrive in December, from an unsanctioned entity, at a price close to Dubai's quoted price.
10. According to data provided by Vortexa and compiled by the agency, Russia's daily seaborne exports of petroleum products averaged 1.89 million barrels in the first 26 days of this month, the lowest level since at least the beginning of 2022.
Precious Metals and Mining:
1. Japan's Sojitz Corporation announced on Thursday that it has begun importing heavy rare earth elements from Australia's Lynas Rare Earths.
2. The G7 will establish a key minerals alliance; China's Foreign Ministry urged the G7 to stop undermining international trade order with small-circle rules.
3. Chile's copper production in September fell 4.5% year-on-year to 456,663 tons.
4. Sources: More than 30,000 tons of aluminum are being shipped from Brazil to the United States.
5. The LME plans to introduce permanent rules to limit large near-month positions to prevent market disorder.
6. Vale expects its overall nickel cost in 2025 to be between $13,000 and $14,000 per ton, lower than its previous forecast of $14,000 to $15,500. The overall cost of copper is expected to be between $1,000 and $1,500 per ton in 2025, down from the previous forecast of $1,500 to $2,000.
