Energy:
1. The war exacerbates global supply shortages, with US diesel prices hitting a new high since April.
2. South Korean diesel is being shipped 12,000 miles to Europe as an emergency measure.
3. Asian liquefied natural gas prices hit a more than three-year high, more than doubling compared to pre-war levels in Iran.
4. Europe's largest airline warns that jet fuel prices may reach $140 per barrel this winter and is cutting capacity.
5. Escalating US-Iran airstrikes continue to push up forward electricity prices in Europe.
6. Norway's hydroelectric reserves have fallen to a record low, increasing electricity price risks.
7. The EU approves a power supply guarantee mechanism of up to €35 billion for Germany.
8. Russian Deputy Prime Minister Novak: Russia will slightly reduce oil production this year.
9. Iraqi oil exports increased in August as low prices attracted buyers.
10. The US and Venezuela signed an oil project agreement.
11. Chevron plans to invest $7 billion to double its oil production in Venezuela. 12. Italian oil company Eni plans to eventually increase its daily production in Venezuela to over 1 million barrels.
13. US Energy Secretary Wright: I believe Venezuela's daily production will exceed 1.5 million barrels by the first half of next year.
14. Russian Deputy Prime Minister Novak stated that Rosneft is taking all measures to increase oil production as much as possible.
15. Russian Deputy Prime Minister Novak: OPEC will continue to have a significant impact on the oil market due to its high production levels.
16. US Energy Information Administration (EIA): US refinery net crude oil inputs rose to their highest level since August 2019 last week.
17. CME Group's Henry Hub natural gas futures hit a new open interest record of 1,807,497 contracts on September 1, 2026.
18. South Korea plans major reforms to its state-owned energy companies.
19. India's ONGC team visited Venezuela to inspect oil and gas assets and plans to restart operations after receiving approval from the US.
Agriculture/Mining:
1. Indonesia's largest nickel industrial park may see a 40% production reduction due to El Niño drought.
2. The World Meteorological Organization warns that El Niño will develop into a super-strong phenomenon.
3. Asia's largest cocoa processor warns that El Niño may cause another supply shortage in the global cocoa market.
4. The Dutch central bank has moved 86 tons of gold from New York and Ottawa to London to improve tradability.
5. According to Interfax, Russia has suspended grain export tariffs until December 31.
6. Putin restarts the cathode copper plant at Russia's Udokan copper mine.
7. Vietnam's rice exports in August fell 16% year-on-year to 544,000 tons.
8. Black Sea supplies are disrupted; Asian buyers are reportedly turning to Australian and Argentinian wheat.
9. GAPKI: Indonesia's palm oil production is projected to decline by 2.9% to 56.8 million tons in 2027.
10. The EU announced a temporary suspension of import tariffs on a wide range of Armenian products, including some agricultural products subject to tariff quotas.
11. The Bank of Thailand supports a tax on gold transactions.
Iran Situation:
1. US media: US military escorted 40 merchant ships carrying 18 million barrels of oil through the Strait of Hormuz on Tuesday.
2. Shipping intelligence company Kpler: Only 6 ships passed through the Strait of Hormuz on Wednesday.
3. Iranian Parliament Speaker: The Strait of Hormuz will only reopen after the US fulfills its commitments.
4. US Energy Secretary Wright: US President Trump is changing the importance of the Strait of Hormuz.
5. US Secretary of State Rubio: The US will continue to take action against Iranian shipping attacks.
6. Iran says it seized 382,000 liters of smuggled fuel oil in the northern Persian Gulf.
