Market News Today

Formosa Plastics Group expects Q4 growth to outperform Q3, driven by strong refining margins, high-end electronic materials demand, and seasonal petrochemical peaks. Nan Ya's Q3 EPS reached NT$4.9.

India's EV adoption reached 12.7% in early 2026-27, driven largely by three-wheelers. However, disparities in charging infrastructure across states highlight an urgent need for rapid nationwide expansion.

ADNOC plans to expand long-term LPG and energy supplies to India, aiming to increase crude storage to 30 million barrels and boost oil production capacity to five million barrels daily by 2027.

Former secretary Dinesh Kumar Ghimire emphasized prioritizing domestic electricity consumption over cross-border exports, noting Nepal's suppressed demand of up to 6,000 megawatts requires urgent transmission and solar infrastructure development.

Nepal is exploring exporting surplus hydropower to Sri Lanka via India using a proposed submarine transmission link, following discussions at the 19th Power Secretaries' Roundtable in Mumbai.

Rising Himalayan climate risks threaten Bhutan's vital hydropower ties with India, as melting glaciers and potential glacial lake outbursts endanger key energy projects and economic stability.

Coal India denies supply shortages, claiming it exceeded contractual fuel commitments to NTPC, despite the power producer facing critically low coal stocks at several generation plants.

Aluminum futures dropped to $3,050 per tonne, hitting their lowest level since February due to a stronger US dollar, eased supply concerns, and increased production capacity in Indonesia.

US gasoline futures climbed above $3.22 per gallon as market traders carefully evaluated the potential outcomes of a Russia–Ukraine energy ceasefire.

Goldman Sachs raised its December 2026 crude oil forecast by 6% to $90 per barrel due to West Asia supply risks, while projecting a 2027 worst-case price of $125.