Energy: 1. Libya's main oil pipeline resumes transporting crude oil. 2. South Korea extends its high-oil-price-related procurement stabilization measures until the end of the year. 3. Trump: Is "very seriously" considering banning diesel exports.

2026-09-28

Energy: 1. Libya's main oil pipeline resumes transporting crude oil. 2. South Korea extends its high-oil-price-related procurement stabilization measures until the end of the year. 3. Trump: Is "very seriously" considering banning diesel exports. 4. India plans to restart its imported coal blending policy to alleviate supply shortages and rising electricity prices. 5. Socar will lower fuel prices in Italy to counter a potential windfall tax imposed by the Meloni government. 6. National Bureau of Statistics: The petroleum processing industry turned a profit year-on-year in the first eight months of the year, achieving a total profit of 56.29 billion yuan. 7. Vietnam Oil and Gas Corporation: Seeking to purchase 150 million British thermal units (MMBtu) of spot liquefied natural gas, with delivery scheduled for October 23-30. 8. According to Politico: The White House may not directly ban diesel exports, but is considering allowing states to take measures to alleviate diesel supply and price pressures. 9. According to Reuters: Sources say Indian Oil Corporation purchased Iraqi crude oil for October loading at a price $28/barrel lower than the Dubai crude benchmark. 10. Azerbaijani Presidential Office: Azerbaijan National Oil Company, Total Energy, and XRG have made a final investment decision on the full development of the Abu Sherlong gas field. Agriculture/Mining: 1. Peruvian Minister of Mining: Peru's copper production is expected to reach 2.5 million to 2.7 million tons this year. Peru is expected to add 1 million tons of annual copper production within 5-6 years. 2. Ministry of Commerce: China and the US have agreed to establish an agricultural working group under the China-US Trade Council; tariffs on coal imported by China from the US will be included in the "30 billion to 30 billion" reciprocal tariff reduction framework. 3. National Bureau of Statistics: From January to August, profits in the mining industry increased by 35.1%, manufacturing profits increased by 17.4%, and profits in the production and supply of electricity, heat, gas, and water decreased by 12.0%. Middle East Situation: 1. Iranian President says he is willing to urge the Houthis to negotiate with Saudi Arabia. 2. Trump says he has been considering whether to resume strikes against Iran. 3. Sources expect a new round of indirect talks between the US and Iran as early as Monday. 4. Trump is expected to hold more talks with Iran this week. Trump said Iran wants a deal, but not the kind of deal he wants, as Iran is asking for too much.