Energy:
1. Occidental Petroleum CEO: The oil market must prepare for price volatility next year.
2. US President Trump stated that oil price increases during the Iran war were less than he expected.
3. The UAE pledged to strengthen energy infrastructure to reduce the risk of supply disruptions in the Strait of Hormuz.
4. Vitol CEO: Oil demand will take a year to recover to 2025 levels.
5. Statoil CEO: Europe is more vulnerable than usual as it enters winter, considering its natural gas reserves.
6. According to sources, Kazakhstan's oil and condensate production in October increased by 8% compared to September, reaching 2.08 million barrels per day.
7. According to sources, Kuwait increased its crude oil production to 2.1 million barrels per day in October, the highest level since the outbreak of the Iran war.
8. Goldman Sachs: Raised its Q1 2027 European natural gas price forecast to €74/MWh (previously €44/MWh). 9. Abu Dhabi National Oil and Gas Company: Signed a five-year liquefied natural gas (LNG) supply agreement with Total Energy, with a maximum supply of 1.6 million tons.
10. War pushes up oil prices; Saudi Aramco's third-quarter profit rises 9%.
Agriculture/Mining:
1. Indonesia exported 99,766.59 tons of primary aluminum and unwrought aluminum alloys in September, down approximately 37% month-on-month.
2. Vietnam's Statistics Bureau: Rice exports increased by 37.2% in October to 475,000 tons.
3. World Gold Council: India's gold demand is projected to decline by 15% year-on-year in 2026, reaching a six-year low. Gold demand is expected to rise in the fourth quarter.
Other:
1. Thailand raises the consumption tax on imported electric vehicles from 10% to 35%.
2. LG Energy will expand its North American battery production to meet the demand from artificial intelligence.
