JPMorgan Chase: The Bank of England is expected to raise interest rates by 25 basis points in February 2027, following previous forecasts of two rate cuts in 2027.

Spot platinum rose 3% to $1,804.55/oz.

Energy: 1. Thai Energy Minister: The Thai government has no plans to restrict retail fuel prices. 2. Market News: Saudi Arabia seeks to restore half of the capacity of a key oil pipeline within days. 3. German Economy Minister: Temporarily reducing the fuel VAT from 19% to 7% is a wise move. 4. Polish Gas Storage Company: As of September 15, gas storage facilities were 98% full. 5. According to Iranian reports, the Iranian Oil Minister stated that the reconstruction of damaged oil industry facilities is progressing well. 6. A local governor stated that a Ukrainian drone attack damaged an oil refinery in Yaroslavl, Russia. 7. Bank of America: We have raised our Q4 2026 TTF natural gas price forecast to €100/MWh. 8. US Energy Secretary Wright: Considering using the Defense Production Act to increase refining capacity. The assessment of damage to the (Saudi) East-West pipeline is underway. 9. Reuters data shows that Russian Urals crude oil prices rose above $110 a barrel on Tuesday due to strong demand and firm Brent crude prices. 10. According to Reuters: Sources say two pumping stations along Saudi Arabia's east-west oil pipeline were damaged in last week's attacks. The repair schedule for the damaged pumping stations 8 and 9 is unclear. 11. Head of Libya's National Oil Corporation: Oil production has returned to normal levels after a brief drop in output caused by the shutdown of three oil fields. The situation is currently normal. We do not expect further shutdowns. Agriculture/Mining: 1. Bahrain Aluminum: Aluminum production has recovered to 80% of pre-war levels. 2. Market news: Venezuela is preparing to ship aluminum products to the US market. 3. According to Reuters: Sources say India is considering reducing import taxes on vegetable oils to lower prices. 4. Heeney Capital signed a gold mining agreement to develop a large-scale gold project in the El Caiao region of Venezuela.