Oil tumbles to five-month low on report of ‘large surplus’

Asian foreign exchange markets are experiencing muted activity as expectations for a rate cut in December diminish. Concurrently, the U.S. dollar is weakening amid ongoing economic uncertainty. This situation reflects broader trends in the market, where fluctuations in rate cut predictions significantly impact currency values, particularly in Asia.

On November 13, 2025, Asian stocks experienced a decline as investors shifted away from technology sectors. This rotation out of tech stocks reflects changing market sentiments and could indicate a broader trend in investment strategies. Additionally, significant earnings reports from major companies in Hong Kong are anticipated, which may further influence market dynamics. The retreat in stocks is noteworthy as it highlights the volatility and responsiveness of the market to sector performance and investor behavior.

TotalEnergies SE is reportedly considering the sale of some of its renewable energy assets in Asia to alleviate its debt burden. This move highlights the company's strategic adjustments in response to financial pressures.

The International Energy Agency (IEA) has released its World Energy Outlook, declaring the onset of 'the Age of Electricity.' This report highlights a potential shift in energy dynamics, suggesting that oil may not peak in 2030 as previously anticipated. The IEA emphasizes the importance of transitioning to electricity to address climate change effectively, aiming to mitigate the most severe risks associated with it. This development is significant as it reflects changing energy trends and the urgent need for sustainable solutions in the face of climate challenges.

The International Energy Agency (IEA) has projected that global demand for oil and gas could continue to grow until 2050. This forecast highlights the ongoing reliance on fossil fuels in the energy sector, despite increasing discussions around renewable energy sources and climate change. Understanding these trends is crucial for policymakers and industry stakeholders as they navigate the transition to sustainable energy solutions while addressing energy security and economic stability.

The International Energy Agency (IEA) has reported that demand for oil and natural gas is expected to continue growing until 2050, based on a revived scenario that reflects current policies and regulations. This projection highlights the ongoing reliance on fossil fuels despite global efforts to transition to renewable energy sources. The implications of sustained demand for oil and gas are significant, as they may influence energy markets, environmental policies, and climate change initiatives in the coming decades.

The International Energy Agency (IEA) released its annual World Energy Outlook, highlighting a significant increase in global electricity demand, primarily driven by the surge in AI data center construction. The report indicates that renewable energy sources are outpacing fossil fuels, even as the US retreats from critical climate commitments. Additionally, US Transportation Secretary Sean Duffy urged lawmakers to resolve the government shutdown to prevent potential air travel disruptions during the Thanksgiving holiday. This report underscores the urgent need for energy diversity in response to rising consumption and environmental challenges.