Energy:
1. Saudi Arabia reportedly increased crude oil supplies through Oman following the pipeline attack.
2. Costs of shipping US oil to Asia surged to a record high of $44.8 million.
3. Japanese refiners scrambled to purchase Middle Eastern crude oil after Saudi oil routes were shut down.
4. US Senate Majority Leader Thune said he was "willing to explore" an export ban on diesel.
5. Statoil (Norway): EU natural gas inventories are expected to reach approximately 75% capacity by November.
6. Libyan Oil and Gas Minister: Libya plans to increase natural gas production to 4 billion standard cubic feet per day within the next 3-5 years.
7. According to Reuters: Shipping sources said oil loading operations at Yanbu, Saudi Arabia's largest Red Sea port, were suspended following the attack on the east-west oil pipeline.
8. Kazakhstan announced maintenance at the Karachaganak oil and gas field from September 7 to October 1, during which production is expected to decrease by approximately 400,000 to 450,000 tons. 9. Azerbaijan's natural gas exports fell 0.5% to 1.64 billion cubic meters from January to August. Azerbaijan's oil exports fell 8% to 14.7 million tons from January to August.
10. According to Reuters: Three trade sources said that Saudi Arabia is notifying some European refiners that their September crude oil shipments have been cancelled following the closure of the east-west oil pipeline.
11. According to Reuters: Iraqi energy sources said that the UAE's Abu Dhabi National Oil Company (ADNOC) has agreed to purchase 72 million barrels of discounted Iraqi crude oil in a tender for August and September.
12. German Chancellor Merz: (Regarding fuel prices) We will react to price gouging; for many, the limits of what they can bear have been reached. Proposals on dealing with fuel prices will be released "soon."
13. Libya's National Oil Corporation: Three oil fields suspended production and operations after a team of the oil facilities guards closed valves on the Hamada-Zawiya pipeline on Tuesday. If the valves on the Hamada-Zaviya main oil pipeline remain closed, or other oil fields are forced to shut down, the company may declare force majeure.
Agriculture/Mining:
1. Indian Ministry of Trade: India's gold imports in August totaled $2.3 billion.
2. Indonesia lowered its benchmark price for low-grade nickel ore, nearly halving the cost of 1.2% ore.
3. Indonesia's Commodity Exchange Regulator: The first trading day for the planned commodity exchange is scheduled for January 4th, with tin and nickel pig iron as the initial trading commodities. State-owned miners will be among the first participants.
4. Hong Kong Chief Executive John Lee: The Hong Kong Gold Central Clearing and Settlement System will be officially launched in the first quarter of 2027. The Hong Kong Monetary Authority is studying the possibility of the Exchange Fund moderately increasing its gold holdings and participating in the Hong Kong spot and futures markets.
