埃及聲明：埃及擁有各類戰略物資儲備，可滿足全國6個月的需求。

BofA Securities raised its H‑share target for Agricultural Bank of China (01288.HK) to HK$7.44 and maintained a buy rating, citing strong earnings momentum and a relatively attractive dividend yield. It raised 2026–28 earnings forecasts by about 1%. Q3 NIM eased 3bps q/q to 1.28%; net interest income fell 0.5% q/q. Loans rose 7.9% YoY. 9M net fee income fell 10.4% YoY, while other investment income jumped 61% YoY—partly from equity revaluation gains—and accounted for roughly 44% of the YoY revenue increase. 9M revenue rose 12.5% YoY; cost-to-income fell 1.7ppt YoY to 29.5%. NPL ratio edged down 2bps q/q to 1.23%; coverage remained high at 289%. CET1 rose 10bps q/q to 10.9%; 9M ROE improved 0.3ppt YoY to 10.7%.

ADNOC CEO Sultan Al Jaber said nearly 1 bln barrels of global crude inventories have been drawn down since US and Israel opened hostilities with Iran, which disrupted shipping through the Strait of Hormuz. He warned diesel stocks in parts of the world are at their weakest in 35 years and some regions face roughly a 600 bcf LNG supply gap, with diesel prices in many markets at record highs, adding inflationary and cost-of-living pressure. Al Jaber called for expanded strategic reserves, higher refined-product inventories and flexible refining capacity closer to consumption supported by upgraded logistics, saying infrastructure must be built before demand rises. He added shipping and logistics costs have risen from about 5% of a barrel’s total cost pre-conflict to roughly 30%. ARAMCO’s CEO said last month global commercial stocks remain below 6 bln barrels and are largely not deployable.