European Commission: Increased sugar export forecast for 2023/24 to 750,000 tons from the previous 700,000 tons.

The Russian ruble continued its decline, with the ruble falling to an eight-week low against the dollar.

Kuwait Petroleum Company: Plans to reach a daily production capacity of 3.65 million barrels in 2035.

European Commission: The EU sugar production forecast for 2023/24 has been raised to 15.6 million tons from the previous 15.5 million tons, an increase of 7.0% from 2022/23.

Israeli military: Sirens sound in northern Israel, warning of possible rocket attacks.

El Al spokesperson: Many of our flights to and from Israel are full.

ECB Governing Council Member Nott: We are satisfied with the current level of interest rates, but the rise in oil prices caused by the Israeli conflict may pose a new impact on inflation.

Kuwait Petroleum Company: Plans to increase its domestic refining capacity to 1.6 million barrels per day and overseas refining capacity to 425,000 barrels per day in 2025.

Spokesperson for the British Prime Minister: The UK supports Israel to act proportionately and abide by international law to end the violence. There are currently no plans to redeploy British military assets to the area. We are not aware of any plans to change the way we assist the Palestinians, but this is a Rapidly changing situation.

Market News: Chevron is still receiving gas supplies from Leviathan Gas in Israel.

Kuwait Petroleum Company: Oil will continue to be a vital part of the world’s energy mix.

Kuwait Petroleum Minister: Kuwait Petroleum Company plans to achieve net-zero carbon emissions by 2050.

Kuwait Oil Minister: Kuwait will prepare infrastructure for the Dora offshore oil field (exploitation work).

Amazon (AMZN.O) UK: has begun hiring for more than 15,000 seasonal jobs across the UK to cope with demand during the festive period.

International Lead and Zinc Study Group (ILZSG): Global supply of refined lead metal will exceed demand by 35,000 tons in 2023. A larger surplus of 52,000 tonnes is expected in 2024.

International Lead and Zinc Study Group (ILZSG): Global refined lead supply is expected to increase by 2.7% in 2023 to 12.84 million tons, after falling by 1.7% in 2022. It is expected to grow by 2.3% in 2024 to reach 13.14 million tons.

EU Spokesperson: EU ministers will discuss the funding implications of attacks on Israel.

EU Spokesperson: EU ministers will discuss next steps regarding the situation in Israel at a meeting on Tuesday.

Italian Industry Minister: The downward trend in Italian fuel prices may be affected by Hamas attacks and market turmoil.

Market news: Hamas said Israeli bombings in the Gaza Strip on Sunday and Monday killed four Israeli prisoners.