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China plans to restrict access to Nvidia's H200 chips despite export approval from the Trump administration, reports the Financial Times.
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Leading analytical agencies expect a significant oil market surplus by 2026, according to Bloomberg.
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The foreign exchange market saw USDCNY trading at 7.05 and USDTRUB at 80
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EU officials are expected to approve a 20th round of sanctions against Russia today. Ukrainian President Zelensky will meet with EU and NATO leaders in Berlin, amid ongoing discussions between Witkoff, Kushner, and Ukraine. Key economic indicators include China's industrial production, Eurozone industrial output, Canada's consumer inflation data, and the US NY Empire State Manufacturing Index. The CBOE plans to launch perpetual futures trading for Bitcoin and Ethereum. Additionally, former President Trump may propose easing regulations in the cannabis industry. Norilsk Nickel is scheduled to release a report on commodity markets.
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Projections indicate that Russia's oil and gas export revenue is set to drop to its lowest level since 2020 this December, as reported by RTRS. The outlook for the oil market in 2026 seems less promising, with a possible rise in surplus.
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The Abu Dhabi National Oil Company (ADNOC) is set to start accepting AECoin, a Dirham stablecoin, at its gas stations across the UAE, Saudi Arabia, and Egypt.
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