[Ukraine Claims Russian Attack on Energy Facilities Causes Power Outages in Multiple Regions] On November 1st local time, the Ukrainian Ministry of Energy reported that Russian forces launched an attack on Ukraine's energy infrastructure, causing power outages for some users in eight regions across the country. The Kyiv and Dnipropetrovsk regions suffered the most severe damage to their energy facilities, with significant disruption to the power system and an extremely serious power supply situation. Due to the damage to energy equipment, the ability to transmit electricity to end users is limited. Emergency power outage measures have been initiated in the affected areas to ensure grid security, and subsequent power restoration work is ongoing. (CCTV)

Ukrainian President Zelensky: Russia bombed energy infrastructure in four regions of Ukraine at night, leaving hundreds of thousands without power.

[OPEC+ Representatives: Major Oil Producers Plan to Maintain Production Quotas in December] (1) Two OPEC+ representatives said that major OPEC+ countries plan to maintain their oil production quotas in December as the ongoing conflict in the Middle East continues to impact the organization's output. Speaking ahead of a video conference on Sunday, the two representatives said the G7, led by Saudi Arabia and Russia, had reached an agreement in principle on maintaining current quota targets and expected to finalize them at the meeting, consistent with the roadmap established earlier this year. (2) OPEC+ previously indicated it would suspend quota increases until the end of this year; it had previously agreed to a series of small production increases over the six months leading up to August. These increases are largely symbolic, as the war in Iran has impacted oil production in the Persian Gulf region; however, theoretically, these increases could offset the cuts made in 2023. (3) OPEC+'s next major decision is whether to reinstate another portion of production suspended in 2022, a complex process whose outcome will likely depend on the results of ongoing member country capacity audits. Next year's policy will be finalized at the plenary ministerial meeting on November 29.

Kremlin aide: The first round of negotiations on the Ukraine issue should take the form of a tripartite approach involving Russia, the United States, and Kyiv.

Norwegian gas transport operator Gassco reported that the Njord gas field experienced an unexpected shutdown from November 1st to 2nd, resulting in a daily production reduction of 5.4 million cubic meters.

OPEC+ representatives stated that they will maintain the existing quota plan for stable production.