Energy:
1. Saudi Aramco CEO: Global refining market supply has decreased by 5 million barrels per day.
2. The New York Times: New Jersey Governor warns that receiving Russian fuel would be illegal.
3. US Energy Secretary Wright: (Regarding last night's attack on Iran) It had no impact on oil supplies.
4. Brazil's National Petroleum Agency: Brazil's oil and gas production reached a record 6.12 million barrels per day in September.
5. IEA: Global LNG supply is expected to decline by 3% this year, a reduction of nearly 20 billion cubic meters, the largest annual drop on record. Global natural gas demand is expected to weaken this year, declining by about 1.5%, or nearly 65 billion cubic meters.
6. Abu Dhabi National Oil and Gas Company CEO: Natural gas will continue to grow, and demand will persist in the long term.
7. Iran set its November light crude oil price for Asia at a discount of $6.90 per barrel to the Oman/Dubai average (compared to a discount of $4.55 per barrel in October). Agriculture/Mining:
1. Interfax: Russian grain port shipments fell to 2.3 million tons in October.
2. World Gold Council: Central banks' gold purchases hit a new high since 2024, with a net increase of 321 tons in the third quarter.
3. Copper-cobalt mines discovered in Congo; investigation into illegal mining to begin.
4. Stonex: Raised its 2026/27 Brazilian soybean production forecast to 184.95 million tons.
5. The US is reportedly in talks with Venezuela regarding a second shipment of aluminum.
6. India's palm oil imports hit a 14-month high, and soybean oil purchases reached a record high.
7. Ample supply and peace prospects pressured Chicago corn prices to a four-month low.
8. Qatar is poised to become the world's largest buyer of US liquefied natural gas.
Global Shipping Situation:
1. Senior Iranian official: The US must meet Tehran's conditions before nuclear negotiations can begin if it wants to reopen the Strait of Hormuz. 2. An oil tanker was hit by two unidentified projectiles in waters near Oman.
3. Iranian Revolutionary Guard: Four oil tankers sank after striking mines south of the Strait of Hormuz; two other vessels have been detained.
4. US President Trump: Iran is causing gasoline prices to rise. Oil is being shipped out of the Strait of Hormuz in large quantities; we're doing a very good job.
Other: 1. Canadian Prime Minister Carney: Discussions with the US will become more intensive. We are making progress, but trade negotiations with the US are not yet over.
