The U.S. EIA said in its Short-Term Energy Outlook that Middle East oil production is expected to rise in coming months as Strait of Hormuz flows increase and alternative export routes outside the region are used. The agency nevertheless assumes Middle East export constraints will persist through year-end, keeping regional crude output below pre-conflict averages through Q1 2027. It projects Brent spot will average about $90/bbl in H2 2026 and, as 2027 production increases and inventories rebuil

EIA短期能源展望報告：美國能源信息署（EIA）於9月3日最終確定了短期能源展望預測模型的輸入；該預測未考慮最近的中東事件。

JP Morgan says Laopu Gold (06181.HK) Q2 sales slowdown looks cyclical not structural. Gross margin exceeded expectations and management has clearer plans to manage gold-price volatility. VIC initiatives and overseas expansion should raise medium-term growth visibility, while liquidity and dividends provide downside protection. JP Morgan still expects a gradual earnings recovery, forecasting Q3 and Q4 profit of about RMB800m and RMB1.2bn. Near-term sales remain dependent on gold prices; Mid-Autumn and National Day holidays are the next monitoring points. JP Morgan maintains an Overweight rating and HK$891 target price.