Energy:
1. Sources: Kazakhstan's oil and gas condensate production in August increased by 11% compared to July.
2. Russian Deputy Prime Minister: Russian oil production will decline slightly this year, but is expected to rebound after refinery maintenance.
3. Data shows that Russian pipeline gas exports to Europe increased by 3% in August.
4. Forward electricity prices in Northern Europe fell, pressured by lower European gas prices and wet weather.
5. Indonesian President: Indonesia has opened 130 mineral exploration areas, including liquefied natural gas fields, and we have invited Russian groups, companies, and enterprises to jointly develop them.
6. As of the week ending August 28, total U.S. natural gas inventories were 3.214 trillion cubic feet, an increase of 30 billion cubic feet from the previous week, and a decrease of 1.5% year-on-year.
7. Urals crude oil prices fell, and Russian oil revenues dropped to a six-month low. 8. Citigroup: We have raised our Q3 2026 Brent crude oil price forecast to $86 per barrel.
9. US diesel prices rose to a record high of $5.82 per gallon.
10. Goldman Sachs: We lowered our 2027 NYMEX natural gas price forecast to $2.80 per million British thermal units (MMBtu) (previously $3.50).
11. ANZ analysts raised their short-term Brent crude oil forecast to $95 per barrel.
Agriculture/Mining:
1. According to AAA data, the average US diesel price rose to its highest level since 2022.
2. The Ukrainian Grain Association: Ukraine's grain and oilseed exports fell to 1.2 million tons in August (up from 2.5 million tons in July).
3. US imports of refined copper and copper alloys reached a record high of 225,094 tons in July.
Iran situation:
1. Data shows that four cargo ships passed through the Strait of Hormuz on Thursday, down from the average of about 15 ships over the past 10 days.
