Energy:
1. Russia's Novosakhtinsk oil refinery has suspended oil processing following an attack.
2. Ukraine's Ministry of Energy: Restoring the energy system would take two months if the Russian attacks stopped now.
3. Final plans indicate Angola will export 1 million barrels per day of crude oil next February.
4. Market research and intelligence firm IIR Energy: US refinery capacity will decrease by 47,000 barrels per day per week.
5. Global liquefied natural gas (LNG) exports are poised for their biggest increase in three years in 2025, thanks to new capacity coming online in North America.
6. Sources: Kazakhstan's oil production so far in December has fallen 6% from the November average, to 1.93 million barrels per day.
7. Guyana government data shows that Guyana's oil production rose to approximately 894,000 barrels per day in November, up from 841,000 barrels per day in October.
Precious Metals and Mining:
1. Spot gold and silver rebounded today, with silver returning to the $75 mark.
2. Vietnam's State Bank: Currently, nine banks are applying for gold import licenses.
3. Reports indicate that Indonesia, the world's largest nickel producer, plans to cut production, pushing nickel prices to a nine-month high.
4. UBS: Maintains a bullish stance, raising its gold price targets for March, June, and September 2026 to $5,000 per ounce (previously $4,500 per ounce). It expects gold prices to slightly decline to $4,800 per ounce by the end of 2026.
5. Hong Kong SAR Government: In November, Hong Kong's total gold exports to mainland China amounted to 30.22 metric tons, compared to 30.08 metric tons in October; net gold exports from Hong Kong to mainland China in November were 16.16 metric tons, compared to 8.02 metric tons in October.
Agriculture:
1. Indonesian officials: Plans to import approximately 3.1 million tons of sugar for industrial use in 2026.
2. White House: Temporarily extends certain provisions of the US-Israel agricultural trade agreement.
3. Official sources indicate that Indonesia plans to import 17,097.95 tons of beef and buffalo meat for industrial use in 2026.
Middle East Situation:
1. Saudi Arabia launched airstrikes on Yemeni port cities, targeting arms shipments originating from the UAE.
2. Yemen declared a nationwide state of emergency for 90 days.
3. Yemen implemented a 72-hour no-fly zone, maritime blockade, and land blockade.
