1. Houthi rebels claim responsibility for attacking Saudi Arabia's east-west oil transport terminals; Saudi Arabia has not yet confirmed this. 2. According to the Financial Times, the EU is considering following Trump's lead regarding key mineral se

2026-10-26

1. Houthi rebels claim responsibility for attacking Saudi Arabia's east-west oil transport terminals; Saudi Arabia has not yet confirmed this. 2. According to the Financial Times, the EU is considering following Trump's lead regarding key mineral security. 3. Indonesian Energy Minister: Gas supply cuts to Singapore remain within the scope of the contract. 4. Indonesian Energy Minister: Will visit several countries, including India, to ensure gasoline supplies. 5. Iranian Foreign Minister calls for strengthened Iran-Russia energy cooperation, urging all parties to engage in dialogue and enhance cooperation. 6. Tanker freight rates soar, benchmark pricing sparks controversy; "the Dow Jones of shipping" sued by Mercuria. 7. Turkmenistan plans to reach an annual natural gas production of 80 billion cubic meters in 2026 and 2027. 8. Reportedly, the US military is prepared for a new large-scale operation against Iran, capable of launching an attack within 96 hours of receiving orders. 9. Saudi government: Saudi Arabia's merchandise exports in August 2026 decreased by 11.5% year-on-year, and oil exports decreased by 12.5%. 10. Bharat Oil Company executive: Russian oil imports decreased in November due to lower prices for Middle Eastern oil. 11. Singapore Energy Minister: Saudi Arabia will begin storing crude oil in the Jurong underground cavern in Singapore in the second half of 2027. 12. Central Bank of Russia: Under the baseline scenario, the average oil price in 2026 is expected to be $72 per barrel (previously forecast at $60 per barrel). 13. According to Reuters: A Trump administration official stated that the $8 billion in diesel subsidies provided by the US government to farmers will not be disbursed before the November 3rd election. 14. Vietnam Oil and Gas Group: The drilling division signed a contract to supply oil drilling platforms to Idemitsu Gas Production Vietnam (a subsidiary of Japanese energy giant).