Energy:
1. The US Treasury Department imposed sanctions on two major Russian oil companies.
2. US Energy Secretary Wright stated: "Oil prices are very low, and now is a good time to buy."
3. The EU approved the 19th round of sanctions against Russia, including a ban on liquefied natural gas imports.
4. Hungarian Foreign Minister: Hungary will initiate negotiations with the US on the purchase of nuclear fuel.
5. Russian Energy Minister: Russia is carrying out a planned offensive against Ukraine's energy system.
6. Russian oil supplies to India are reportedly set to drop to near zero.
7. Indian refiners are reportedly reviewing Russian oil contracts to ensure no direct supply comes from the two Russian oil companies under US sanctions.
Precious Metals and Mining:
1. Goldman Sachs maintains its gold price target of $4,900 by the end of next year.
2. US Treasury Secretary Benson: "Rising gold prices are a great help to us."
3. Malaysia seeks foreign partners to develop its rare earth industry.
4. Angola's first large-scale copper mine has begun production. 5. The Russian Federation Council approved the termination of the intergovernmental plutonium disposal agreement between Russia and the United States.
6. Rising gold prices and the lifting of the ban led to a surge in Ethiopian gold exports, surpassing coffee exports for the first time.
7. The National Stock Exchange of India announced that, effective October 23, an additional margin of 1.00% will be imposed on all gold futures contracts.
