Barclays: We now believe the oil market had a surplus of 200,000 barrels per day last year and expect a similar surplus in 2024.

Barclays: We are maintaining our forecast for oil growth of 300,000 barrels per day in 2024-2025.

Barclays: Although OPEC+ voluntary production cuts are extended to the first quarter of 2024, our estimate of the balance in 2024 is basically unchanged.

The New Zealand dollar NZD/USD rose more than 0.50% on the day and is currently at 0.6258.

On January 11, local time, Iran’s Intelligence Ministry stated that security personnel had arrested 35 people involved in the Kerman terrorist attack. The Ministry of Intelligence also stated that Iran has obtained important clues about the second terrorist who carried out the terrorist attack and will announce the results of the investigation later. On January 3, local time, two explosions occurred in Kerman, Iran, causing heavy casualties. The extremist organization "Islamic State" claimed responsibility for the incident.

OpenAI: ChatGPT service degradation issue has been resolved.

[Israeli military strikes against Hamas militants in southern and central Gaza Strip] On January 11, local time, the Times of Israel reported, citing military sources, that the Israel Defense Forces stated that it had carried out attacks on Hamas militants in southern and central Gaza Strip. Qi, the fighting between the Israeli army and the Palestinian Islamic Resistance Movement (Hamas) continues. The Israel Defense Forces said that the Israeli army found a number of Hamas militants in Khan Younis and Magazi and carried out attacks on them.

According to Russian Sputnik: Russian President Putin revealed that Russia’s economic growth rate may exceed 3.5% by the end of 2023.

British Maritime Trade Operations Office: 4-5 unauthorized armed personnel boarded a ship 50 nautical miles east of Oman. It is reported that they were wearing military-style black uniforms.

The European Commission website shows that Amazon has not provided remedies to EU antitrust regulators regarding its acquisition of iRobot.

SK executive: Not considering manufacturing LFP batteries in the United States.

SK executive: If negotiations with automakers mature, it plans to start mass production of lithium iron carbonate (LFP) batteries as early as 2026.

Iranian Intelligence: 35 suspects arrested in connection with deadly Kerman bombing.

Market News: India aims to reduce import tariffs on mobile phone components.

Azerbaijan Energy Minister: Azerbaijan’s natural gas exports will increase by 5.3% in 2023.

Bank of Japan Nagoya Branch Governor: There is uncertainty about the wage outlook.

Bank of Japan Nagoya Branch Governor: Although some small companies have expressed difficulty in raising wages, wage growth momentum is strengthening.

Azerbaijan Energy Minister: 11.8 billion cubic meters of natural gas was exported to Europe in 2023.