Energy:
1. Industry sources: India's palm oil imports for 2025/26 are projected to increase from 7.58 million tons last year to 9-9.3 million tons.
2. The US government is restructuring the Department of Energy, prioritizing fossil fuels and nuclear energy.
3. China's National Energy Administration: October's total electricity consumption reached 857.2 billion kilowatt-hours, a year-on-year increase of 10.4%. From January to October, total electricity consumption increased by 5.1% year-on-year.
4. A sanctioned Russian oil tanker was abruptly diverted by a US warship on November 13th while en route to Venezuela and is currently stranded in the Caribbean Sea.
Other:
1. The White House: The US will exempt some Brazilian agricultural products from 40% tariffs.
2. EU Trade Commissioner: The Australia-EU trade agreement is expected to enter a new round of negotiations early next year.
3. London Metal Exchange (LME): Starting in mid-2026, it will cease managing the platinum and palladium prices of the London Bullion Market Association (LBMA) in order to focus on its core base metals business.
