See the full story in the original article.
Read the original on bangladeshsun.com ↗
Keywords
Open a keyword to see other news on the same topic.
Related news
- IEA warns tight diesel supplies could stretch well into 2027
The IEA warned that record diesel prices are weighing on inflation and economic growth, and that supply shortages could persist into 2027. In September, the Middle East and Russia together lost 1.3 million barrels per day of diesel exports, equal to about 4.5% of forecast global diesel and gasoil demand this year. Inventories keep falling, and the late-year refinery recovery will not fully offset the deficit, with the gasoil market expected to be in deficit in Q3 and Q4 2026 before returning to surplus in Q1 2027. Diesel refining margins hit a record of almost $95 per barrel in September. By the end of September, 331 million barrels of emergency stocks had been released, with about 100 million still to go, and the agency warned that attacks on Middle East energy infrastructure and tankers could derail the recovery.
- IEA warns tight diesel supplies could stretch well into 2027
The International Energy Agency (IEA) warned that tight diesel supplies could persist well into 2027, as record diesel prices threaten to fuel inflation and slow economic growth. Middle East and Russian diesel exports fell by a combined 1.3 million barrels per day in September, about 4.5 percent of forecast global diesel and gasoil demand this year. Diesel refining margins surged to a record of almost $95 per barrel that month as reduced refining capacity cut output. IEA members have pledged 426 million barrels from emergency reserves, with about 100 million barrels still to be released, and its governing board meets Thursday to decide details. The agency expects a surplus to return in 2027 but warned that recent attacks on Middle East energy infrastructure and tanker traffic could derail the recovery.
- IEA warns tight diesel supplies could stretch well into 2027
- IEA warns tight diesel supplies could stretch well into 2027
- Diesel crunch could persist into 2027 as supply disruptions bite
The International Energy Agency says record diesel prices are threatening to fuel inflation and weigh on growth, as supply disruptions in the Middle East and Russia cut their combined diesel exports by 1.3 million barrels per day in September, about 4.5% of forecast global diesel and gasoil demand this year. Diesel refining margins hit a record of almost $95 per barrel in September as refining capacity was reduced. The IEA expects the gasoil market to be in deficit in the third and fourth quarters and to stay tight through the first half of 2027 before easing. IEA members have pledged 426 million barrels from emergency reserves, with about 100 million barrels still to be released. The agency warns oil markets may face more turmoil unless conflicts in the Middle East are resolved.
- IEA warns tight diesel supplies could stretch well into 2027
Related markets
Latest news
- SSI forecasts when PNJ's profit will return to the VND 1,000 billion mark
SSI forecasts PNJ's net revenue at VND 39,100 billion in 2026, VND 43,400 billion in 2027 and VND 57,700 billion in 2029, while after-tax profit is forecast at minus VND 6,300 billion in 2026, rising to VND 1,200 billion in 2028. The company holds large inventory, with diamonds making up 52%, and may need to set aside additional provisions for inventory write-downs if gold prices fall. Under SSI's estimated scenario, PNJ's additional repurchase obligation could be about VND 16,800 billion; to ease short-term liquidity pressure, the company plans to issue up to 550 million shares to raise VND 8,000 billion. Preliminary Q3/2026 results show a net loss of VND 258 billion, compared with a profit of VND 496 billion a year earlier. SSI continues to keep PNJ's stock at “Under review”.
- Ethereum delays Glamsterdam Hoodi testnet launch over security risks
Ethereum has postponed the Glamsterdam upgrade on the Hoodi testnet, originally scheduled for Oct. 26, so developers can examine how EIP-8037 and EIP-8038 interact with deployed smart contracts. ChainSecurity warned that the two proposals could weaken safeguards against insufficient gas griefing, potentially letting contracts permanently record failed operations and blocking otherwise valid user actions. The firm said it identified 13 real-world examples of potentially affected contracts and is coordinating responsible disclosure with the projects involved, without naming them. Security researcher pcaversaccio called the risks “serious” in an Oct. 21 GitHub comment and urged a reassessment of the hard fork. The mainnet timeline, which developers had been considering for early December, is now uncertain.
- Proposed 0.2% tax on idle land and land left unused or slow to be put to use
On the morning of October 23, the National Assembly heard the government's proposal and the review report on draft amendments to several tax laws, including the Law on Non-Agricultural Land Use Tax. The government proposes a 0.2% tax rate, with no area limit, for idle land and land that is not or is slowly being put to use, to institutionalize Resolution 21-NQ/TW. The Economic and Financial Committee agrees in principle but says the proposal conflicts with the current law, which applies 0.15% to unused land, and with the draft amended Land Law. It warns of possible double financial obligations for investment projects that leave land unused or slow to use it, and asks the drafting agency to clarify the basis, timeline and relationship with land use fees and land rental payments.
- Pony.ai partners with inDrive, Nvidia to launch robotaxis in Kazakhstan
Pony.ai said it will work with Nvidia and inDrive to explore autonomous ride-hailing services, with Kazakhstan as the first test market. The three companies plan to launch robotaxis in Astana using Pony.ai's seventh-generation vehicles, following an agreement with the Kazakh government; Kazakhstan was chosen for its regulatory readiness after creating its first structured legal framework for driverless transport. Pony.ai will provide the Gen-7 robotaxis, inDrive will provide the ride-hailing platform and run the service, and Nvidia will support the project with AI infrastructure. The partners will assess the technical, operational, regulatory and commercial feasibility of offering level 4-ready autonomous vehicles to riders through the inDrive app. Pony.ai's shares rose 2.8% in Hong Kong trade after the announcement.
- Ethereum delays Glamsterdam test after security devs flag risk to existing contracts
Ethereum developers postponed the Glamsterdam upgrade on the Hoodi test network, which had been due to activate on Oct. 26, after researchers warned that proposed gas rules could let existing smart contracts permanently record failed operations. ChainSecurity said EIP-8037 and EIP-8038 could leave some contracts with more or less gas than expected, potentially making errors permanent or causing otherwise valid operations to fail; for example, creating a new storage slot could require 110,020 gas when a separate allowance is exhausted, versus 22,100 under the old rules. No replacement date has been announced for the Hoodi test or its planned 200 million gas limit, and Ethereum's mainnet upgrade date remains unconfirmed. The findings describe how existing software would behave under the proposed rules and do not indicate that existing contracts are currently being exploited.
- Europe set to ban Russian gas imports; energy giant says it still has the whole world to sell to, gives Brussels 71 days to reconsider
Novatek CEO Leonid Mikhelson said on October 22, on the sidelines of the Verona Eurasian Economic Forum in Istanbul, that Russia cannot be isolated from the global LNG market. He said that if the EU's ban on Russian LNG imports takes effect on January 1, 2027, the company can redirect its cargoes to other markets. Mikhelson added that the EU still has 71 days to make any decision, and that Brussels is paying more attention to industrial production and energy security. He also said European companies with long-term contracts with Russia can keep cooperating to supply gas to markets outside Europe. On a US proposal for Europe to resume buying Russian oil and gas, he said it shows Washington is also concerned about industrial decline and job losses in Europe.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.