Energy
1. US Media: Trump Administration Considers Controlling Venezuelan Oil Fields.
2. Iraqi Prime Minister Orders Halt to Gasoline, Diesel, and Kerosene Imports.
3. Vitol CEO: Oil Prices Reaching $60 Per Barrel Next Year Is Not Unrealistic.
4. Saudi Aramco CEO: We expect global oil demand to reach 106 million barrels per day in 2025, and demand growth will remain strong in 2026.
5. Market News: Russia and Turkey are negotiating to maintain the same amount of natural gas purchased from Gazprom in a renewed agreement.
6. Libyan Oil Minister: Current production is close to 1.4 million barrels per day. Our goal is to increase oil production to 2 million barrels per day within the next five years. Next year we are considering increasing production to 1.6 million barrels per day, and the year after to 1.8 million barrels per day.
7. HSBC: Expects a supply surplus of 2.7 million barrels per day in the first quarter of 2026 (previously 3 million barrels per day), with an average surplus of 2.1 million barrels per day for the whole of 2026 (previously 2.4 million barrels per day).
Other:
1. The EU reached an agreement to reduce emissions by 90%, paving the way for COP30.
2. Hungary announced it will maintain its ban on imports of Ukrainian agricultural products.
3. Chile's state-owned copper company, Copper, produced 937,000 tons of copper in the first nine months.
4. US soybean exports plummeted; exports to China in the first eight months were less than a fraction of last year's figures.
5. Kremlin: Russian President Vladimir Putin ordered the cabinet to develop a rare earth mining roadmap by December.
