Energy:
1. Hungarian Foreign Ministry: The "Friendship" oil pipeline was not attacked.
2. Oil Fund LOF: Large-scale subscriptions and large-scale regular fixed-amount investments will be suspended starting January 28.
3. US Trade Representative: India must take more measures to gradually reduce its purchases of Russian oil.
4. Indian Oil Corporation executive: At least 24 million barrels of Brazilian crude oil will be purchased this year and next to continue to promote supply diversification.
5. German Economy Minister: Two to three rounds of bidding will be held in 2026 to add new power plant capacity. Wind power bidding will be promoted to expand capacity.
6. CEO of India's state-owned natural gas company GAIL: India will extend the length of its natural gas pipelines from the current 25,000 kilometers to approximately 35,000 kilometers in the coming years.
7. Sources say the US government is about to issue a general license to lift some sanctions on Venezuela's oil industry.
8. National Energy Administration: As of the end of 2025, the country's cumulative installed power generation capacity reached 3.89 billion kilowatts, a year-on-year increase of 16.1%. 9. The EU hopes to propose a nuclear ban on Russia at the appropriate time, but has not yet set a timetable for such a ban. The European Commission still expects to propose a ban on Russian oil by the end of the year.
10. CEO of Abu Dhabi National Oil Company (ADNOC) Gas: More than $20 billion will be invested in ADNOC's gas business, aiming to increase processing capacity by nearly 30% by 2029.
11. Kazakhstan's Energy Minister: Due to declining oil production, Kazakhstan is likely to meet OPEC+ production quota requirements. Kazakhstan's oil production has decreased by approximately 900,000 tons due to the shutdown of the Tengri and Korolev oil fields.
12. ExxonMobil LNG executive: Optimistic about LNG demand over the next decade. Demand for LNG is expected to double between now and 2050.
Precious Metals and Mining:
1. More than 55 tons of gold will be mined in Russia's Magadan Oblast by 2025.
2. CME Group metals futures and options trading set a new single-day record. 3. The Bundesbank President stated that Germany's gold reserves held at the Federal Reserve Bank of New York are safe.
4. The Hungarian Central Bank Governor stated that Hungary may consider increasing the proportion of gold in its central bank reserves.
5. A gold-themed LOF (Listed Open-Ended Fund) announced that subscriptions and regular fixed-amount investment services for Class A RMB shares will be suspended starting January 28th.
6. The Hong Kong SAR Government reported that Hong Kong's total gold exports to mainland China in December amounted to 28.014 tons, with net exports of 12.205 tons.
7. The Chairman of Indian Oil Corporation stated that consultations have been initiated with Canada to jointly study key mineral resources.
8. The Bank of Thailand announced that it will limit daily online gold trading to 50 million baht and prohibit short selling; the new regulations will take effect in March.
9. Deutsche Bank is bullish on gold, predicting it could even challenge $6,900.
10. Citigroup raised its 3-month silver price forecast to $150/oz (previously $100/oz). 11. Royal Bank of Canada: Gold still has "room for growth"; believes gold prices have the potential to reach $7,100/oz.
12. OCBC Bank: Silver is entering a structural bull market; significantly raises its Q1 2026 target price from $76 to $117.
13. Goldman Sachs: Still believes there is significant upside risk to the year-end gold price target of $5,400. Raises its Q4 2026 aluminum price forecast from $2,350 to $2,500, but maintains its 2027 aluminum price forecast at $2,400.
14. Standard Chartered Bank: Expects base metal prices to remain high this year, especially in the first half of 2026. Forecasts an average copper price of $12,950/ton in the first half and $11,475/ton in the second half.
