Banxico minutes: most C.BANK members said the risk balance for inf over the The forecast horizon remains tilted to the upside.

Energy: 1. Shell (SHEL.N): Q3 combined natural gas production is expected to be 740,000 to 780,000 barrels of oil equivalent per day. 2. South Korea announced a $747 billion energy transition plan to 2035. 3. The German Ministry of Economic Affairs stated that Germany will participate in further releasing the reserves already determined by the International Energy Agency (IEA) in March. Efforts are currently underway to approve the release. 4. According to data analytics firm Kpler, Venezuelan crude oil shipments to India this month are expected to more than double, reaching approximately 465,000 barrels per day (compared to 196,000 barrels per day in September). If all scheduled shipments arrive on time, this will be the highest level since December 2019. 5. EU countries are not expected to release additional oil reserves, but will only fulfill previous commitments. 6. Qatar has assembled 12 empty LNG carriers, possibly in preparation for resuming exports through the Strait of Hormuz. 7. Belarus's railway supply of gasoline and diesel to Russia declined in September, but cumulative year-to-date growth remains significant. 8. UBS raised its December crude oil price forecast by $5/barrel, expecting Brent crude to reach $100/barrel and WTI crude to reach $96/barrel by the end of the year. 9. The IEA supports accelerating the release of approximately 100 million barrels of oil reserves committed in March but not yet released, prioritizing diesel release. 10. US EIA strategic petroleum reserves for the week ending October 2nd were at their lowest level since the week ending October 15, 1982. US domestic crude oil production for the week ending October 2nd hit a record high. 11. Domestic fuel oil futures surged over 16%, with methanol and other commodities hitting their daily limit. 12. Qatar Energy obtained seven offshore exploration licenses in Brazil. 13. Indian coal-fired power plant inventories are nearing a five-year low, with over 40% of capacity having coal reserves sufficient for only four days. Agriculture/Mining: 1. Uzbekistan's gold reserves rose to 1.434 million ounces in September. 2. World Gold Council: Global gold ETFs attracted $10 billion in September, and the third quarter saw a record $31 billion in inflows. 3. Indonesia is considering suspending the construction of new nickel processing facilities. 4. Kyodo News: Japan plans to provide farmers with a 5.4% sales subsidy. Middle East Situation: 1. Iranian Revolutionary Guard advisor: The "illegal" shipping lanes in the Strait of Hormuz will soon be closed. 2. Iraq plans to export crude oil via Syria, bypassing the Strait of Hormuz. 3. Traffic in the Strait of Hormuz fell to a two-month low. 4. Trump stated he is not interested in reaching an agreement with Iran. 5. Houthi rebels claimed responsibility for attacks on Saudi targets and warned airlines. Other: 1. Germany and France are seeking further easing of the EU's ban on gasoline-powered vehicles. 2. According to the German business daily Handelsblatt, some gas stations in the Rhineland region are temporarily out of diesel and gasoline. Low Rhine River levels coupled with high demand are putting pressure on the supply chain. 3. Shipping disruptions in the Hormuz region are boosting demand for oil tankers, leading Trafigura to acquire seven tankers in a single transaction.

Iraq's State Organization for Marketing of Oil (SOMO) set the official selling price for Basra Medium crude to North and South America for November at a $3.10/bbl premium to Argus Sour crude.