November 12, 2025
United States:
OPEC Flips Third-Quarter Oil Market View to Surplus on US Growth
OPEC flipped estimates for global oil markets in the third quarter from a deficit to a surplus, as US production exceeded expectations while the group itself ramped up supplies.
World oil output exceeded demand by 500,000 barrels a day during the period, the Organization of the Petroleum Exporting Countries said in its latest monthly report, compared with a 400,000-barrel shortfall estimated a month ago.
Europe:
Merz Advisers Revise 2026 German Growth Forecast to Below 1%
Friedrich Merz’s advisers trimmed their German growth forecast for next year to below 1%, underscoring the scale of challenge the chancellor faces in restoring meaningful expansion to Europe’s biggest economy.
In their updated projections published Wednesday in Berlin, Merz’s Council of Economic Experts forecast 0.9% expansion in 2026, compared with a prediction of 1.0% in May. They’re more pessimistic than the government, which said last month it expects growth next year of 1.3% following near stagnation in 2025.
Asia:
Japan’s Finance Chief Issues Fresh FX Warning as Yen Nears 155
Japanese Finance Minister Satsuki Katayama issued a fresh warning on currency movements as the yen weakened toward the key threshold of 155 per dollar, inching closer to levels where authorities last intervened in markets.
“We’re seeing one-sided, rapid currency moves of late,” Katayama said in response to questions in parliament Wednesday, adding that it can’t be denied that the negative aspects of the weak yen are becoming clearer. “The government is watching for any excessive and disorderly moves with a high sense of urgency.”
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