Energy:
1. Spain's LNG imports from Russia in October decreased fourfold compared to the same period last year.
2. Indonesia's upstream oil and gas regulator: Daily oil production is projected to reach approximately 607,000 barrels by 2025.
3. Indian state-owned refiner Indian Oil Corporation is seeking to procure crude oil from Russia and other producing countries through tenders.
4. Russian President Vladimir Putin: The possibility of expanding gas supplies to Kazakhstan, particularly to its northern and eastern regions, is being considered.
5. Romania's draft national defense strategy: Once offshore gas projects transform Romania into Europe's largest gas producer from 2027 onwards, the uncertain security environment in the Black Sea will pose a challenge to Romania.
6. OPEC's monthly report maintains its global oil demand growth forecast for this year and next, but shifts its third-quarter global oil market expectation from a supply shortage to a supply surplus.
7. The EIA raised its oil price forecasts for this year and next: Brent crude is projected to reach $68.76/barrel in 2025 (previously $68.64/barrel), and WTI crude is projected to reach $65.15/barrel in 2025 (previously $65.00/barrel).
8. Libya's Zaraf Oil and Gas Company announced the export of its first batch of oil from the Shadar oil field.
9. The U.S. Department of Energy announced it has awarded a contract to purchase approximately 1 million barrels of crude oil for the Strategic Petroleum Reserve.
10. Data shows that Russia's seaborne petroleum product exports in October were roughly flat compared to September, at 7.804 million tons.
Precious Metals and Mining:
1. India approved a new policy on critical minerals, adjusting royalty rates for minerals such as graphite.
2. The Indian government imposed anti-dumping duties on certain steel products from Vietnam for a period of five years.
3. Standard Chartered Bank continues to project an average gold price of $4,000 per ounce in the fourth quarter. 4. ANZ Bank: Gold prices are expected to peak at approximately $4,800 per ounce by mid-2026.
5. ANZ Bank: Raised its short-term aluminum price target (0-3 months) to $2,900 per tonne (previously $2,700), and expects prices to reach $3,000 per tonne by June 2026.
Other:
1. Indian Prime Minister Modi: Ensure a greater presence for "Make in India" in the global market.
2. US Treasury Secretary Bessenter: Major tariff news is expected in the coming days, with tariff reductions for coffee and other goods to be announced.
3. Indian Trade Authority: India's soybean oil imports in October were 454,619 tons, down from 549,240 tons in September. India's soybean oil imports for 2024/25 are projected at 5.47 million tons, compared to 3.44 million tons in the same period last year.
