Brent and WTI crude futures fell by 0. 4% and 0.5% respectively, due to oversupply concerns. This happened despite uncertainty about the impact of US sanctions on Russian oil companies and optimism about the resumption of the US government's work.
The United States of America plans to lower import tariffs for India. This is due to New Delhi's significant reduction in the volume of Russian oil purchases.
In India's capital, Delhi, a car bomb near the historic Red Fort killed eight people and injured more than 20. The cause of the incident is under investigation, with six vehicles and three auto-rickshaws damaged.
The visit is scheduled for December this year. Putin last visited India in December 2021.
US Secretary of State Marco Rubio will visit Canada's Niagara region this week for a meeting of G7 foreign ministers. He will discuss President Trump's efforts for peace in Ukraine and Gaza, security in Haiti and Sudan, maritime security, critical minerals, and global supply chains.
Brent crude futures rose to $64. 08 a barrel, and US WTI crude to $60.23. This happened amid expectations of a quick end to the US shutdown, which could increase oil demand.
Ukrainian Foreign Minister Andriy Sybiha stated that Russia attacked substations supplying electricity to the Khmelnytskyi and Rivne nuclear power plants. He called for an urgent meeting of the IAEA Board of Governors.
Trump announced successful talks with Indian Prime Minister Narendra Modi and confirmed his intention to visit India in the near future. The visit is expected to strengthen the strategic partnership between the countries, especially against the backdrop of shared economic and security interests.
Off the coast of Somalia, a Maltese-flagged tanker was fired upon with machine guns and grenade launchers, after which armed attackers boarded the vessel. The Greek shipping company confirmed the attack, stating that all 24 crew members are safe.
A powerful typhoon in the central Philippines has claimed at least two lives, forcing tens of thousands of residents to evacuate their homes. The disaster caused flash floods, trapping people on rooftops and submerging cars.
Gopichand Hinduja, billionaire and co-owner of the Hinduja Group, has died at the age of 85 after a long illness. He was known as the richest man in the UK.
In Rome, a part of the medieval Torre dei Conti tower collapsed during reconstruction funded by Italy's National Recovery Plan. Firefighters rescued four workers, and one is still being searched for under the rubble.
In southern India, a truck carrying concrete aggregate crashed into a passenger bus en route to Hyderabad. The incident killed at least 20 people and injured about two dozen more.
In an interview with CBS News, Donald Trump pulled out a list of 8 "ended wars" that he allegedly completed in 8 months. Critics questioned his claims.
Turkey's largest refineries are buying more non-Russian oil due to the latest Western sanctions against Russia. SOCAR Turkey Aegean Refinery (STAR) has purchased four cargoes of crude oil from non-Russian sources, while Tupras is increasing its purchases of non-Russian grades.
At least nine people died and dozens were injured at the Swami Venkateswara temple in India due to a rush of worshippers during the celebration of a sacred Hindu day. The tragedy was caused by the collapse of an iron grate, leading to an uncontrolled crowd.
Canadian Prime Minister Mark Carney has apologized to US President Donald Trump for an anti-tariff advertisement that used a quote from Ronald Reagan. The ad, funded by the province of Ontario, led to a suspension of trade talks and Trump's threat to impose additional 10% tariffs on Canadian imports.
Russia is experiencing a significant shortage of doctors and teachers, but instead of developing qualified personnel, the authorities are relying on cheap labor. The country is increasing quotas for labor migrants and simplifying requirements for medical personnel, allowing paramedics to perform the functions of doctors.
President Volodymyr Zelenskyy said that Russia's shadow fleet numbers more than 1,500 vessels, of which 340 are key, and 65 require immediate sanctions. Canada, Britain, Australia, Japan, and the EU are helping with this by reducing imports from the Russian Federation.
Hungarian Prime Minister Viktor Orban will try next week to persuade US President Donald Trump to grant Hungary an exemption from sanctions on Russian oil. Landlocked Hungary claims there are no viable alternatives to Russian oil.
Indian Oil Corp. , India's largest refiner, purchased five cargoes of Russian oil for December delivery from companies not subject to sanctions. This happened after the company canceled seven to eight cargoes of Russian oil due to recent US sanctions.
Ford Motor Co. is investing $370 million to upgrade a closed plant in Tamil Nadu to produce over 200,000 engines annually for export. This comes amid trade tensions between India and the US, reaffirming India as a key manufacturing base for Ford.
Ukraine is already in contact with the European Union regarding the 20th package of sanctions, providing its proposals. President Zelenskyy emphasized that the effect of American and European sanctions against Russian oil companies is palpable.
US President Donald Trump said he had a very serious discussion about Russia's war against Ukraine with Chinese leader Xi Jinping in South Korea. The leaders agreed to work together on a solution to the issue.
Glaciers in the Pamir Mountains, Tajikistan, are stable and even growing, while most of the world's glaciers are melting. European scientists are investigating this phenomenon, known as the Karakoram Anomaly, to find ways to protect glaciers globally.
Japanese Prime Minister Sanae Takaichi rejected US President Donald Trump's proposal to stop purchasing Russian oil and gas. Supplies from Russia account for about 9% of Japan's total LNG imports.
The tanker Furia, carrying Russian Urals oil to India, turned back in the Baltic Sea. This happened after the US tightened sanctions against Russian oil companies Rosneft and Lukoil, which may indicate disruptions in oil trade between the countries.
The average daily volume of oil transshipment from Russian ports in the four weeks to October 26 was 3. 72 million barrels, which is 70 thousand barrels less. The decline is due to weather conditions and a reassessment of purchasing plans after US sanctions.
Indian state-owned company Hindustan Aeronautics Ltd. signed an agreement with Russian United Aircraft Corp. on the production of SJ-100 civil passenger aircraft.
Central Vietnam has declared the highest level of flood danger due to record rains that have led to flooded streets and World Heritage sites. In the city of Hue, 1085.8 millimeters of precipitation fell in 24 hours, which is the highest figure in the entire history of observations.
