On the morning of October 26, the main theme is that oil has retreated from a six-month high, but threats to supplies from the Middle East remain. The market is simultaneously reacting to diplomatic signals around Iran and the ongoing attacks by the Heath in Saudi Arabia. Brent lead and #036;115, WTI - About $101 On October 25, Saudi air defense dropped missiles and drones on Riyadh and the southern regions of the country. The Houthis claimed that attacks on oil facilities and airports. The IEA believes that the market will not return to pre-war escalation in 2027: there is no realistic scenario on the horizon, the threat to supply remains. On Friday, China's National Energy Administration urged oil and gas companies to increase production capacity, increase geological exploration and accelerate the creation of strategic oil and gas reserves. The debate was held by major state-owned companies, including PetroChina, Sinopec and CNOOC. Beijing is betting on constant growth in oil production and a faster increase in natural gas production. This is a continuation of the course to reduce China's vulnerability to external supply disruptions, which is particularly relevant against the background of the conflict over Iran and the risks to sea lanes.

On the morning of October 26, the main theme is that oil has retreated from a six-month high, but threats to supplies from the Middle East remain. The market is simultaneously reacting to diplomatic signals around Iran and the ongoing attacks by the Heath in Saudi Arabia. Brent lead and #036;115, WTI - About $101 On October 25, Saudi air defense dropped missiles and drones on Riyadh and the southern regions of the country. The Houthis claimed that attacks on oil facilities and airports. The IEA believes that the market will not return to pre-war escalation in 2027: there is no realistic scenario on the horizon, the threat to supply remains. On Friday, China's National Energy Administration urged oil and gas companies to increase production capacity, increase geological exploration and accelerate the creation of strategic oil and gas reserves. The debate was held by major state-owned companies, including PetroChina, Sinopec and CNOOC. Beijing is betting on constant growth in oil production and a faster increase in natural gas production. This is a continuation of the course to reduce China's vulnerability to external supply disruptions, which is particularly relevant against the background of the conflict over Iran and the risks to sea lanes.