Goldman Sachs: OPEC can keep Brent crude oil in the range of US$80 to US$105 in 2024 by taking full advantage of Asia-centric global demand growth and actively exercising pricing power.

Goldman Sachs: OPEC supply has dropped significantly, and crude oil demand has increased more than U.S. supply.

Goldman Sachs: At the same time, due to strong support from OPEC, Brent crude oil prices are unlikely to continue to fall below $80 per barrel next year.

Goldman Sachs: We believe most of the rally in oil prices has passed and Brent crude is unlikely to sustain above $105 a barrel next year.

Goldman Sachs: Now assume that Saudi Arabia will gradually lift the additional 1 million barrels per day of production cuts starting in the second quarter of 2024, but the 1.7 million barrels per day of production cuts jointly implemented with the other eight OPEC+ countries will remain fully implemented next year.

Goldman Sachs: The upward revision of Brent oil price expectations is based on a slight increase in the decline in crude oil inventories.

Market news: Meta Platforms (META.O) will expand WhatsApp payment capabilities in India.

Sources: Thailand plans to sell up to 272 billion baht of government bonds between October and December.

The Kenyan shilling fell to 148 against the dollar, a record low.

Bank of America Global Research raised its 2023 year-end target for the S&P 500 from 4,300 to 4,600.

Russian Defense Minister Shoigu: Russia is ready to cooperate with Iran on security issues in the Middle East.

Russian Defense Minister Shoigu: The dialogue between Russia and Iran is very close.

Russian Defense Minister Sergei Shoigu: Russia-Iran relations have reached a new level.

Polish Central Bank Governor Grabinski: Inflation will be lower than the median path forecast in July. At the end of the year, inflation should be between 6% and 7%.

Asian Development Bank: Pakistan’s growth rate is expected to be 1.9% in fiscal 2024.

Ukrainian military: 17 out of 24 Russian drones were shot down in overnight attacks.

Polish Central Bank Governor Glapinski: The space for further interest rate cuts has been significantly reduced.