1. Energy:
1. The Netherlands lowered its natural gas reserve target to alleviate price pressure.
2. The White House is considering invoking the Defense Production Act to expand US refining capacity.
3. Hungary is providing fuel subsidies of 20,000 forints per vehicle to diesel car owners.
4. Hungarian Prime Minister Majol: Europe is facing an unprecedented diesel shortage.
5. The US Environmental Protection Agency is preparing to repeal carbon emission standards for coal-fired and natural gas power plants.
6. The SC crude oil futures contract surged as much as 11.12% intraday, currently trading at 900.00 yuan/barrel, the first time since its listing.
7. Venture Global CEO: The company has committed approximately 50 million tons/year of liquefied natural gas (LNG) production capacity through a 20-year contract.
8. Bangladeshi Energy Minister: Bangladesh has had to purchase from the spot market to replace 110 shipments of LNG originally planned for import from Qatar.
9. Iraqi Prime Minister's Office: Iraq signed a 25-year contract with private energy company KEPPT to develop the AJIL oil field, increasing natural gas production from 135 million cubic feet per day to 300 million cubic feet per day and oil production from 30,000 barrels per day to 40,000 barrels per day.
Agriculture/Mining:
1. Citi reiterated its copper price target of $15,000 per tonne within 0-3 months.
2. Data shows that Russian seaborne grain exports fell 62% in August due to port disruptions.
3. US Department of Agriculture: Maintained its 2026/2027 soybean production forecast for Argentina at 50 million tons; maintained its 2026/2027 soybean production forecast for Brazil at 186 million tons.
4. Consulting firm APK-Inform: Lowered its 2026/27 grain export forecast for Ukraine by 14% to 33.9 million tons, from 39.4 million tons previously; Ukraine's 2026/27 grain exports may include 10.5 million tons of wheat and 22 million tons of maize.
5. Consulting firm APK-Inform: Raised its 2026 grain production forecast for Ukraine by 7.8% to 65.2 million tons, from 60.5 million tons previously; raised its 2026 wheat production forecast for Ukraine from 22.6 million tons to 25 million tons; and raised its 2026 maize production forecast for Ukraine from 29.8 million tons to 32.3 million tons.
