Energy: 1. South Korean Foreign Minister: The South Korean government has transferred $2.4 billion to the US for power projects in Texas. 2. European Commission President Ursula von der Leyen: We will grant exporters an additional one-year grace pe

2026-10-07

Energy: 1. South Korean Foreign Minister: The South Korean government has transferred $2.4 billion to the US for power projects in Texas. 2. European Commission President Ursula von der Leyen: We will grant exporters an additional one-year grace period in accordance with methane regulations. 3. Philippine Energy Minister: Diesel inventories exceed 1 million barrels. 4. Shell (SHEL.N) CEO: Our Middle East energy exports have now recovered to over 80% of pre-conflict levels. 5. Saudi Energy Minister: Currently, 5.8 million barrels of oil are being transported via the East-West pipeline. 6. Vitol CEO: The Middle East has been shipping an average of approximately 14 million barrels of oil per day in the past week. 7. Goldman Sachs: Diesel prices will remain high until 2027. 8. US Energy Secretary Wright: Believes diesel prices peaked a few weeks ago. 9. The IEA is expected to finalize the specific release plan for the G71 billion barrels of oil reserves on October 14-15. 10. Venezuela's second-largest oil refinery shut down due to a fire, which was extinguished less than an hour after an explosion and evacuation. 11. Indian Oil Corporation tenders for 3 million barrels of crude oil. Agriculture/Mining: 1. Japan expands its export ban on Russia, adding 102 new categories of products, including tungsten. 2. According to a survey of delegates by the London Bullion Market Association (LBMA), gold prices are expected to reach $5,013 per ounce within a year. 3. Beibu Gulf Port successfully opens a direct import channel for bauxite from Chongqing. 4. Australia's $49 billion coal industry faces new challenges from climate rulings. 5. The People's Bank of China increases its gold holdings for the 23rd consecutive month. 6. BHP Billiton will sell its idle Australian nickel concentrate plant. 7. The South Korean government aims to achieve mass production of the world's first hydrogen-reduction steelmaking process. 8. The EU plans to relax pesticide regulations. Middle East Situation: 1. Houthi rebels claimed responsibility for attacks on multiple targets, including Saudi Arabia's King Khalid International Airport. 2. Iran's top security official, Rezaei, stated that Iran will not open the Strait of Hormuz due to threats or pressure. 3. US Treasury Secretary Bessenter stated that Iran has not loaded a single barrel of crude oil onto any vessel since August 25th. 4. Qatar stated that negotiations and information exchanges to end the regional conflict are ongoing. 5. Indian Ministry of External Affairs reported that on October 6th, a merchant ship was attacked in the Strait of Hormuz, injuring 12 people.