Akintunde Oyedokun
Research Analyst
Oil prices were stable on Monday as optimism over U.S.-China trade talks and renewed U.S. sanctions on Russian oil firms offset weak demand concerns. Brent crude rose to $66.08 per barrel, while WTI gained to $61.74. Analysts said traders are cautious ahead of trade negotiations, with potential supply cuts from Russia supporting prices despite sluggish global demand.
China’s Industrial Profits Surge to Two-Year High
China’s industrial profits jumped 21.6% in September, the fastest in nearly two years, signaling progress from policies aimed at curbing overcapacity and boosting demand. Despite improved supply-demand balance, the economy remains pressured by a property slump and weak jobs. GDP grew 4.8% in Q3, while private firms like CATL saw profit gains and state-owned firms posted slight declines.
India’s Economy Remains Resilient with Strong Growth and Softer Inflation
India expects steady economic growth this fiscal year, supported by strong domestic demand, lower inflation, and recent tax cuts. Prices are projected to stay mild through March 2026, helped by stable food production.
Trade data shows India diversifying export markets despite ongoing U.S. tariff pressures, with over half its exports to America affected by higher duties. Trade talks with Washington are progressing, though India insists it won’t compromise its trade independence.
Mali Closes Schools Amid Fuel Shortage
Mali has suspended schools and universities for two weeks due to a fuel shortage caused by an al-Qaeda-linked blockade. The group has attacked fuel convoys, worsening shortages in the capital, Bamako. Residents are struggling to commute, while Russia has pledged up to 200,000 metric tons of fuel and agricultural products. The shortage highlights the growing challenges facing Mali’s military-led government amid ongoing insurgent pressure. This follows last year’s academic delays from flooding.
Air Peace Expands UK Flights with Abuja–Heathrow Route
Air Peace has launched direct flights between Abuja and London Heathrow, following its Lagos–London Gatwick service. The inaugural flight on October 26, 2025, featured a ceremonial flag-off attended by Aviation Minister Festus Keyamo and other dignitaries. Economy fares start at N981,300, with business class from N2,398,600. The new route comes after diplomatic efforts under the Bilateral Air Services Agreement (BASA) to secure Heathrow slots, marking a major milestone for Nigerian aviation. Since beginning UK operations in March 2024, Air Peace has expanded connectivity from multiple Nigerian cities and added new departure points to improve international access.
