Indonesia plans to launch the B40 biodiesel policy on January 1, 2025.

Chairman of commodity trader Gunvor Group: Oil prices are at reasonable value at $70 per barrel.

Chairman of commodity trader Gunvor Group: OPEC wants to use its spare capacity.

Market news: Russia said it has taken control of Novohrodivka, an important transportation hub in eastern Ukraine, which is a key point for the Ukrainian army.

The chairman of commodity trader Gunvor Group: The balance of oil supply and demand will deteriorate in the coming years. The problem is that OPEC cannot control the supply growth of non-OPEC countries.

Chairman of commodity trader Gunvor Group: Pressure on oil prices is clearly accumulating and the demand outlook is very uncertain.

Indonesian Minister of Mines: Coal production in the first half of the year was 383.3 million tons and exports were 264.75 million tons.

According to ABC News: The FBI said that losses from crypto investment scams rose from $3 billion in 2022 to $4.5 billion in 2023. In the first six months of 2024, the agency received more than 18,000 complaints about crypto investment fraud, with losses exceeding $1.9 billion.

The National Hurricane Center of the United States: A tropical storm warning has been issued for the southernmost part of Texas.

Technology reporter Gurman: Apple (AAPL.O) is expected to launch new AirPods Max headphones tomorrow, with better noise reduction, adaptive audio and USB-C interface. The low-end AirPods 4 will also be released together.

Japanese auto parts supplier Denso Corporation will invest 69 billion yen to expand its Zenmyo plant in Nishio City, Aichi Prefecture.

Technology reporter Gurman: I don’t think the starting price of the iPhone 16 Pro series will increase from $999.

Technology reporter Gurman: Apple Watch Series 10 is expected to be the main watch news tomorrow, with sleep apnea detection and a larger screen/thinner bezel. The blood pressure detection function has been delayed and will not be launched this year.

Japanese Chief Cabinet Secretary Yoshimasa Hayashi: No matter who becomes the president of the United States, the U.S.-Japan alliance will be stronger than ever before. I hope both sides can recognize the strength and importance of this alliance.

Japanese Chief Cabinet Secretary Yoshimasa Hayashi: If the economic situation requires stimulus, I would rather increase spending than cut taxes.

Japanese Chief Cabinet Secretary Yoshimasa Hayashi: I remember that Bank of Japan Governor Kazuo Ueda has said that under certain conditions, the Bank of Japan is ready to move in this direction.

Japanese Chief Cabinet Secretary Yoshimasa Hayashi: (When asked about market expectations of further rate hikes by the Bank of Japan) Monetary policy should be considered or judged by the Bank of Japan.

Malaysian retail company 99 Speedmart rose 14% on its first day of listing.