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Luke Vargas on WSJ What’s News
A Houthi strike hit Saudi Aramco's headquarters overnight, exposing Saudi Arabia's oil assets to the conflict. Continued attacks on refineries have kept fuel prices nearly double their pre-war levels, and the International Energy Agency says supplies will remain tight into next year.Luke Vargas on WSJ What’s News
The International Energy Agency says worldwide diesel supply fell by 1.7 billion barrels a day in the third quarter, pushing the market into deficit before peak winter demand. Tight supplies are expected to strain businesses, increase inflation risks and squeeze refiners facing soaring shipping and crude-delivery costs.Luke Vargas on WSJ What’s News
China reported a major increase in September exports that exceeded economist forecasts, driven by overseas demand for green-technology and artificial-intelligence-related products. Auto shipments surged 56% on demand for Chinese electric vehicles, potentially increasing trade tensions with the US and the EU.Luke Vargas on WSJ What’s News
The International Monetary Fund warned advanced economies against relying too heavily on short-term debt as inflation and interest rates rise, because refinancing costs can increase. About a quarter of US debt is short-term, compared with around 10% or less in most other G7 countries, while France is considering a similar direction.Luke Vargas on WSJ What’s News
Ukraine says SpaceX Starlink terminals are being throttled, slowing connections and complicating drone missions over Russian-occupied areas, with no warning, according to an adviser to President Volodymyr Zelenskyy. SpaceX did not immediately comment as President Trump called for an immediate energy ceasefire.Luke Vargas on WSJ What’s News
Dutch chip-machine supplier ASML raised its guidance for the third time this year as artificial-intelligence demand stayed strong. Chief Executive Christoph Fucker said planned capacity increases of 30% in 2027 and 2028 may not meet customer demand, prompting ASML to consider expanding output further.Luke Vargas on WSJ What’s News
Chinese automakers made the biggest splash at the Paris Motor Show with vehicles offering premium features at budget prices. BYD, described as the world's largest electric-vehicle maker, is expanding in Europe, where Renault engineers were seen examining its vehicles, highlighting the growing challenge to established European automakers.Luke Vargas on WSJ What’s News
Houthi militants in Yemen are trying to build medium-range ballistic missiles using key components from China, according to a Conflict Armament Research report. The missiles could travel up to 1,800 kilometers and be produced at hidden sites, while China says it respects a UN arms ban on the Houthis.