Energy 1. Russia extends diesel export ban until the end of October. 2. US oil industry warns diesel prices may not return to normal within a year. 3. Trump reconsiders diesel export ban; White House seeks to lower fuel costs. 4. US and South Kor

2026-10-01

Energy 1. Russia extends diesel export ban until the end of October. 2. US oil industry warns diesel prices may not return to normal within a year. 3. Trump reconsiders diesel export ban; White House seeks to lower fuel costs. 4. US and South Korea to launch $200 billion investment; Trump announces three major energy projects. 5. US Democratic lawmakers question the legality of the Pentagon's plan to acquire a stake in Venezuela's oil company. 6. Indian refiners adjust strategy, chartering ships to transit the Strait of Hormuz to purchase crude oil. 7. EIA data shows US gasoline inventories fell to their lowest level since November 2014 last week, while domestic crude oil production hit a record high. 8. GME data shows Oman's official selling price for November crude oil was $114.07 per barrel, up $26.23 from $87.84 per barrel in October. 9. German Economy Ministry spokesperson: The Minister of Economy has decided to instruct SEFE to increase natural gas reserves to address ongoing geopolitical risks. The government will establish a strategic natural gas reserve by 2027. 10. Iraqi Oil Ministry Spokesperson: Iraq's average daily oil exports in September were 2.65 million barrels, including 250,000 barrels per day exported through the Turkish port of Ceyhan. 11. UAE Energy Minister: The UAE respects OPEC+ and will continue to coordinate with partners and consumers. Market demand for increased oil production is rising. 12. A Reuters survey shows that the average price of Brent crude oil in 2026 is expected to be $89.05 per barrel (August forecast: $85.08). The average price of U.S. crude oil in 2026 is expected to be $83.90 per barrel (August forecast: $80.20). Other: 1. Chilean copper production fell to its lowest level in more than 15 years. 2. Trump discussed trade and energy cooperation with Indian Prime Minister Modi. 3. my country's "Asian Lithium Belt" exploration has made another breakthrough, adding approximately 1.0468 million tons of lithium carbonate equivalent. 4. Indian Meteorological Department: India's monsoon rainfall during the June-September season is the lowest since 2015.