Energy
1. OPEC+ decides to increase production by 137,000 barrels per day in December, suspending further increases in Q1 of next year.
2. Morgan Stanley raises its Brent crude oil price forecast for the first half of 2026 to $60 per barrel.
3. Sources: Turkey has purchased more non-Russian oil under Western sanctions.
4. ExxonMobil CEO: The demand outlook for oil, natural gas, and chemicals is currently good.
5. Abu Dhabi National Oil CEO: Oil demand will remain above 100 million barrels per day until after 2040.
6. Data from the U.S. Energy Information Administration (EIA) last Friday showed that U.S. crude oil production increased by 86,000 barrels per day in August, reaching a record high of 13.8 million barrels per day. Total natural gas production in the 48 contiguous U.S. states also climbed to a record 122.8 billion cubic feet per day in August.
Other
1. Domestic gold jewelry prices rebounded, with some brands rising by more than 60 yuan per gram overnight.
2. Industrial and Commercial Bank of China (ICBC): Starting November 3rd, it will suspend accepting applications for certain Ruyi Gold accumulation services.
3. Indonesian National Statistics Agency: Rice production is projected to reach 34.77 million tons in fiscal year 2025.
4. Indonesian National Statistics Agency: From January to September, Indonesia's palm oil exports totaled 17.58 million tons, an increase of 11.62% year-on-year.
