Hassett Sees “Blockbuster” 2026 Ahead in Interview with Maria Bartiromo
NCBA reacts to Nebraska beef plant closing | Strengthened screwworm defense moves ahead | House and Senate out for holiday week
Link: Weekend Updates, Nov. 22, 2025: Analysis of Tyson Closing Neb. Beef Plant,
Scaling Back Texas Operation
Link: Tyson to Shutter Lexington, Neb. Beef Plant, Cut Shift in Texas
Link: Audio: Wiesemeyer’s Perspectives, Nov 21
Link: Video: Wiesemeyer’s Perspectives, Nov. 21
TOP STORIES
— Hassett sees “blockbuster” 2026 ahead in interview with Maria Bartiromo
— NCBA flags impact of Tyson’s Nebraska plant shutdown
— Strengthened screwworm defense moves ahead after funding deal
— Healthcare relief plan expected this week, Bessent says
— Beijing moves to reassure Global South on critical minerals
— Lula presses Trump for calm as tensions rise over Venezuela
— Ukraine has no choice but to engage with U.S. peace plan
WASHINGTON FOCUS
— House and Senate out for the holiday week; markets on shortened schedule
— Hassett predicts “blockbuster” 2026 economy as Trump pushes factory boom,
rare earth independence and Fed shakeup
EVENTS IN WASHINGTON
— Monday: White House Christmas tree; Brookings inflation event; SAIS discussion
— Tuesday: COP30 recap briefing
— Wednesday: Safeway Feast of Sharing
— Thursday: Thanksgiving holiday, U.S. Botanic Garden display
— Friday: Abbreviated market hours; Mount Vernon by Candlelight
ECONOMIC REPORTS & EVENTS
— Markets brace for holiday-shortened week; key earnings ahead including Deere
— Key U.S. economic reports (Nov. 24–28)
KEY USDA & INTERNATIONAL AG REPORTS & EVENTS
— USDA Outlook for U.S. Agricultural Trade due Tuesday
— Weekly export, crop, livestock, dairy, and food-price data
KEY ENERGY REPORTS & EVENTS
— North Sea loading programs and Brent expiries
— API, EIA, and international energy-market updates
The Week Ahead: Nov. 23, 2025
Up Front — Hassett sees “blockbuster” 2026 ahead in interview with Maria Bartiromo Hassett forecasts a strong 2026 driven by factory construction, easing inflation, tariff revenue surpluses, and upcoming decisions on Fed leadership and trade authority.— NCBA flags impact of Tyson’s Nebraska plant shutdown NCBA warns Tyson’s Nebraska closure and Amarillo cutbacks reflect tight cattle supplies and will pressure producers and regional processing capacity.— Strengthened screwworm defense moves ahead after funding deal USDA APHIS gains major funding and new congressional mandates as screwworm readiness accelerates, including a new federal website and expanded Mexico coordination.— Healthcare relief plan expected this week, Bessent says Treasury Secretary Bessent says the White House will roll out a healthcare cost plan this week to counter rising premiums and address affordability concerns.— Beijing moves to reassure Global South on critical minerals Premier Li defends rare earth controls at the G20 while launching a new “green mining” initiative as the U.S. and China work to finalize their trade framework by Thanksgiving.— Lula presses Trump for calm as tensions rise over Venezuela Brazil’s Lula warns Trump that U.S. military deployments near Venezuela risk regional instability and urges immediate de-escalation.— Ukraine has no choice but to engage with U.S. peace plan Kyiv must engage with a U.S. peace proposal seen as pro-Russia to maintain Western support and influence revisions despite deep European concerns.Washington Focus— The House and Senate are out for the holiday week. Congress is recessed for the holiday, though delayed government data releases will continue and markets will close or shorten hours for Thanksgiving.— Hassett predicts “blockbuster” 2026 economy as Trump pushes factory boom, rare earth independence and Fed shakeup Hassett outlines Trump’s economic agenda for 2026, citing factory expansion, tariff-backed revenue, shrinking inflation, rare-earth independence, and the forthcoming Fed chair decision.Economic Reports & Events— After a rough start to November… Markets get a holiday respite after recent volatility, with earnings from major companies and delayed economic data — including retail sales and PPI — arriving this week.— Key U.S. economic reports (Nov. 24–28) A dense schedule of U.S. data releases — some still delayed by the shutdown — includes PPI, retail sales, durable goods, jobless claims, PMIs, Beige Book, and more.USDA & International Agriculture— Ag focus: Tuesday brings USDA’s Outlook for U.S. Agricultural Trade report A heavy week of ag releases includes USDA trade outlook, export data, food price outlook, palm oil exports, EU grain updates, and numerous livestock and crop datasets, with timing affected by shutdown delays.Energy Reports & Events— Energy focus: North Sea crude loading programs… Energy markets track Brent expiries, inventory reports, BNEF and Equinor events, and OPEC+ meetings amid shutdown-adjusted data schedules.Top Stories: — Hassett sees “blockbuster” 2026 ahead in interview with Maria BartiromoNEC director touts factory-driven growth, easing inflation, and progress on rare earth independence in wide-ranging Sunday Morning Futures discussion In an interview with Maria Bartiromo on Sunday Morning Futures, National Economic Council (NEC) Director Kevin Hassett said the U.S. is on track for a “blockbuster” economic year in 2026, pointing to nearly 4% GDP growth over the last two quarters, a blowout jobs report, and more than 20 major factory groundbreakings tied to President Trump’s full-expensing policy. He said the recent shutdown will temporarily drag fourth-quarter growth down to 1.5–2%, but stressed that momentum heading into next year remains strong. Hassett said affordability remains a top priority and argued that mortgage payments and grocery bills climbed by roughly $20,000–$25,000 annually during the Biden presidency. He highlighted Trump’s tax changes, deficit reduction from tariff revenue, and the likelihood of interest-rate cuts in 2026 as key factors easing inflation pressures. He also confirmed that Trump will interview finalists for Federal Reserve chair over the next several months, with a decision expected around the New Year. On trade and security, Hassett said the administration expects to prevail in the upcoming Supreme Court tariff case and downplayed reports of new Chinese rare earth restrictions, asserting that Trump’s relationship with Xi remains constructive and that the U.S. is rapidly ramping up domestic rare earth production. Asked about $2,000 stimulus checks in 2026, he said “never underestimate President Trump,” adding that additional relief is possible if federal revenue surpluses continue. Note: We have extended coverage of Hassetts remarks below. — NCBA flags impact of Tyson’s Nebraska plant shutdownIndustry group warns closures reflect shrinking cattle supplies and threaten producer stability The National Cattlemen’s Beef Association (NCBA) voiced concern after Tyson announced it will shutter its beef processing plant in Lexington, Nebraska, and scale back operations in Amarillo, Texas. NCBA CEO Colin Woodall said the organization is “disappointed” by the developments and stressed the potential fallout for family farmers and ranchers. He noted that the closures stem from “excess processing capacity in the face of historically low cattle numbers,” a challenge that continues to squeeze the beef sector. “We are closely monitoring this situation,” Woodall said, adding that NCBA is working to ensure the beef supply chain “continues to function properly” amid tightening capacity and ongoing herd shortages. Of note: An industry source reports: “Adams Land and Cattle in Nebraska had started going to the Sustainable Beef plant in North Platte… they previously were 100% to Tyson. At a more local level, Tyson losing the largest feeder in Neb. may have been a large part of Tyson’s decision. Adams reportedly supplied close to 50% for that plant which was only running at 60% of its rated 5000 head a day capacity.” — Strengthened screwworm defense moves ahead after funding dealShutdown-ending package boosts APHIS resources, mandates new readiness report The U.S. gov’t funding agreement that ended the shutdown included two key measures to bolster U.S. preparedness against New World Screwworm (NWS). The FY 2026 USDA appropriations bill provides $1.16 billion for USDA APHIS, ensuring uninterrupted operations and sustained progress on surveillance, prevention, and cross-border coordination. The package also enacted the Stop the Screwworms with Active Readiness and Mitigation (SWARM) Act, championed by Sen. John Cornyn of Texas. The new law directs USDA to submit a comprehensive report to Congress detailing domestic NWS readiness and response efforts — including facility construction, state and industry partnerships, sterile fly production technologies, and other eradication strategies. USDA on Friday also launched a consolidated federal website — screwworm.gov — to serve as a centralized hub for NWS information and public resources. Bottom Line: Despite the shutdown, USDA APHIS has advanced several critical initiatives in recent weeks: launching the new website, holding stakeholder coordination calls, assisting Mexico in strengthening protocols and surveillance, supporting development of a sterile-fly dispersal site in Tampico, and collecting feedback on the draft response playbook. Their continued work in a challenging environment has strengthened national prevention and readiness efforts. A phased reopening of the border is expected either in December or more likely in January. Market impact of a reopening of U.S./Mexico border: According to a veteran meat industry analyst: “One of the hardest things cattle feeders have had to navigate in 2025 has been the closure of the Mexican border. The closure reduced the supply of available feeder cattle to place by 800,00-1,000,000 head, roughly 8% of the total cattle on feed. Cattle feeders responded to this shock by pushing their marketings out into the future and adding days to their feeding regime. This acts like the industry pushed 800,000 head away from the normal marketing window throughout the year and into the future. These cattle are overfat and have to be marketed in the coming months but are now being met with 8% less demand for their supply (Tysons closures pulls roughly 8% away from the daily slaughter capacity). 8% reduction in demand typically implies prices will fall by 2.5% per every 1% or $20/cwt. — Healthcare relief plan expected this week, Bessent saysTreasury chief signals White House preparing move to curb rising costs Treasury Secretary Scott Bessent said Sunday that the Trump administration will roll out a new healthcare-cost initiative “this coming week,” signaling the White House is preparing to address rising premiums and mounting voter frustration over affordability. Speaking on NBC’s Meet the Press, Bessent said the administration believes healthcare costs “are going to come down,” echoing Vice President JD Vance’s recent request that Americans show “a little bit of patience” as officials finalize a broader cost-of-living plan. The announcement comes as President Donald Trump aims to have a full plan in place by Jan. 30 to counter a projected surge in health-insurance premiums tied to the expiration of expanded Affordable Care Act subsidies at the end of 2025. Democrats’ recent gubernatorial victories in Virginia and New Jersey — built around affordability messaging — have increased pressure ahead of the 2026 midterms. While Bessent did not offer specifics, Trump has reiterated that he opposes extending the ACA subsidy expansions that fueled the shutdown that ended Nov. 12, arguing instead that any aid should be directed “straight to Americans.” — Beijing moves to reassure Global South on critical mineralsLi Qiang defends export controls while pitching China’s new “green mining” partnership at G20 China’s Premier Li Qiang used the G20 summit in Africa to both justify Beijing’s rare-earth export curbs and roll out a diplomatic charm offensive aimed at developing nations anxious about being sidelined in the global minerals boom. Critical minerals dominated the summit, with European leaders warning about supply-chain vulnerabilities and Global South countries pressing for help in capturing more value from mining. Li argued that China must “cautiously manage” minerals with military applications, defending sweeping export controls imposed amid President Xi Jinping’s trade war with President Donald Trump. Hours later, China unveiled its answer to global criticism: a new “green mining” initiative with 19 partner nations — including Cambodia, Nigeria, Myanmar, and Zimbabwe — in conjunction with the United Nations Industrial Development Organization. Beijing promised “mutually beneficial cooperation” and support for peaceful, sustainable development, though stopped short of committing funding or concrete project details. The rollout coincided with a G20 joint declaration implicitly criticizing China’s unilateral restrictions on critical minerals and urging a voluntary blueprint to ensure such resources promote development. Leaders from Brazil to South Africa emphasized they want more than extraction — they want investment in refining, processing, and industrial participation. European nations, stung by China’s licensing requirements for strategic metals, signaled they will press Beijing directly. Delegations from France, Germany, the UK, and Ireland are expected to travel to China in the coming months, as Washington and Beijing finalize “general licenses” to ease rare-earth flows under last month’s Trump/Xi trade truce. For many African countries, the focus remains on building technical capacity and securing a larger share of the value chain. As South Africa’s Thandi Moraka put it: despite abundant resources, “many developing mineral-rich countries… have not fully benefited due to under investment.” Of note: Bessent previously said the U.S. and China are aiming to finalize the new trade framework recently agreed to by President Donald Trump and President Xi Jinping by Thanksgiving. In a pair of interviews, Bessent described the accord — which includes a rare-earths component — as a tentative deal reached during the leaders’ South Korea meeting and said the administration “hopes to have [it] done by Thanksgiving.” He emphasized the timeline as an expectation rather than a guarantee, noting the two sides are still completing the text. — Lula presses Trump for calm as tensions rise over VenezuelaBrazilian leader warns U.S. military posture risks destabilizing South America Brazilian President Luiz Inácio Lula da Silva said he plans to call President Donald Trump to convey deep concern about the expanding U.S. military presence near Venezuela, warning that the situation could unsettle the entire region. Speaking after the G20 summit in South Africa, Lula said the “military apparatus” Washington has deployed in the Caribbean Sea is alarming and risks repeating past geopolitical mistakes. The U.S. has recently intensified strikes on what it says are Venezuelan drug-trafficking operations, drawing criticism from several Latin American governments. Lula said South America must remain a “zone of peace” and emphasized Brazil’s responsibility to help safeguard regional stability. He stressed that there is “absolutely no reason to have a war right now” and urged de-escalation before tensions deepen. He and Trump last discussed Venezuela on the sidelines of the ASEAN summit in Malaysia in late October, where Lula offered to help mediate with President Nicolás Maduro. — Ukraine has no choice but to engage with U.S. peace planThe American proposal is biased toward Russia — but it is not the final word Ukraine is being pushed to engage with a U.S.-drafted peace plan that many in Kyiv and Europe view as tilted toward Moscow. The proposal reportedly includes territorial concessions, limits on Ukraine’s military capabilities, and only vague security guarantees — a package that favors long-standing Russian demands. Still, as the Financial Times notes, Ukraine cannot simply reject the plan. Washington remains its most important military and financial backer, and refusing to participate risks weakening Western support at a critical moment. Engagement allows Kyiv to retain influence, rally European partners, and seek revisions to the most problematic terms. European allies are uneasy about being sidelined, warning that a U.S.-driven deal could lock in Russian gains and undermine long-term regional security. But engaging in talks does not mean accepting the draft — it simply keeps Ukraine at the table. Bottom Line: The U.S. proposal is only a starting point. Ukraine’s tactical engagement preserves its leverage and ensures this initial draft will not be the final word. |
| WASHINGTON FOCUS |
— The House and Senate are out for the holiday week. Some government data will still be released as agencies continue catching up from the shutdown. U.S. markets will be closed on Thursday for the holiday. On Friday, trading will run on abbreviated hours: commodity markets will close early, stock trading will end at 1 pm ET, and the bond market will close at 2 p.m. ET. Government offices will also reopen on Friday.
— Hassett predicts “blockbuster” 2026 economy as Trump pushes factory boom, rare earth independence and Fed shakeup
NEC director lays out White House outlook on growth, inflation, tariffs, China, rare earths, and stimulus checks
National Economic Council (NEC) Director Kevin Hassett used a wide-ranging Sunday Morning Futures interview with Maria Bartiromo to make the case that the U.S. economy is headed for a “blockbuster” 2026, arguing that President Donald Trump’s tax and industrial policies are triggering a factory-building wave that will drive next year’s job and GDP surge. He also previewed ongoing White House battles over inflation, rare earth mineral supplies, China policy, the Supreme Court tariff case, and the search for the next Federal Reserve chair. The following are highlights of Hassett’s comments on key topics:
— A “blockbuster” 2026: factory boom will drive next year’s growth. Hassett opened by declaring that the economy is positioned for “an absolute blockbuster year” ahead, citing:
• Two consecutive quarters of nearly 4% GDP growth
• A blowout jobs report—twice expectations
• Surging factory construction driven by Trump’s full expensing provisions
— Hassett said NEC staff identified more than 20 major factory groundbreakings in September and October alone — facilities that are now hiring thousands of construction workers. Once completed, he said, those plants will bring a new wave of permanent jobs as production comes online. “The factories are going to be in place,” Hassett said. “People are going to start getting the jobs next to the machines.”
— Hassett argued that the U.S. is entering the same high-growth, low-inflation dynamic seen during Trump’s Pre-Covid years, with real incomes rising and prices stabilizing as new domestic supply comes online.
Q4 “shutdown hit” could cut growth in half. Hassett repeatedly blamed the recent federal shutdown — caused by Democrats, he said — for a sharp drag on the fourth quarter:
• Families canceled Thanksgiving travel
• Broader economic activity slowed more than NEC initially expected
• The White House now estimates Q4 growth falling to around 1.5–2%
But Hassett stressed that the setback is temporary: “We’re coming off a base of 4% Trump growth… Things are lifting off after this quarter.”
— Affordability: Hassett says White House “100% gets it.” Asked about high beef prices and lingering inflation pain, Hassett argued:
• Under Biden, a typical monthly mortgage payment doubled from $1,200 to $2,500
• Grocery prices rose roughly 21%
• Combined, families spent $20,000–$25,000 more per year due to “Biden inflation”
He said Trump’s “no tax on tips, no tax on overtime, and deficit cuts from tariff revenue” are rapidly closing that affordability gap.
He acknowledged families still feel behind: “We understand why people haven’t caught up yet — because of the huge hole Joe Biden dug.”
— Fed chair search: interviews in coming months. Hassett — long considered a top contender himself — said Trump will interview finalists for the Federal Reserve chairmanship “over the next couple of months,” with a decision likely around the New Year, though “it could be tomorrow.”
He predicted interest rates will come down in 2026, arguing that supply-side expansions from Trump’s policies will ease inflation naturally.
— Rare earths and China: Hassett says Trump/Xi relationship still holds. Responding to Wall Street Journal and FT reports that the Chinese Communist Party is blocking rare earth exports to U.S.-linked defense companies, Hassett insisted:
• Trump and Xi still have a “very strong relationship”
• Some Chinese bureaucrats may act outside Xi’s wishes
• When issues are raised with Beijing, “they stop”
He praised Trump’s “warp-speed-like” domestic rare earth initiative, pointing to Treasury Secretary Scott Bessent recently showcasing a U.S.-made rare earth magnet — possibly the first of its kind.
Hassett said:
• The U.S. is on a path to rare earth independence
• Allies are expanding their own refining capacity
• Diversification is essential to prevent any country from holding a monopoly
“It’s great for the long-run economy,” he said. “No country should have a monopoly on anything.”
— Supreme Court tariff case: Hassett predicts Trump will prevail. The Supreme Court is expected to rule soon on whether Trump can use emergency powers to impose tariffs. Hassett said the administration is “solid” on both legal pillars:
• Is there an emergency?
• He cited fentanyl deaths and the economic devastation of factory closures — linked to trade shocks as documented by Nobel economist Angus Deaton.
Can the president regulate trade through tariffs? He noted the law explicitly allows regulation through tariffs, quotas, or embargoes, and that auctioned quotas are mathematically identical to tariffs. “We’re about as solid as you could possibly be on both fronts,” he said.
— $2,000 stimulus checks: Hassett says, “Never underestimate President Trump.” Trump wants to send $2,000 checks to Americans in 2026. Analysts doubt it, but Hassett insisted the White House has already delivered “$2,000-ish” tax relief to families via overtime and income tax changes. On future checks, he said:
• The U.S. is running a monthly surplus
• If money continues flowing in, Trump will look at sending additional relief
• “Never underestimate President Trump,” Hassett said.
Bottom Line: Hassett used the interview to outline a bullish vision of 2026:
• Fast growth driven by factory construction and reshoring
• Falling inflation and interest rates as supply expands
• Tariff and trade authority fortified ahead of a Supreme Court decision
• Reduced reliance on China for critical minerals
• Possible $2,000 stimulus checks if revenues remain strong
The NEC director repeatedly cast Trump’s economic program as a transformational shift toward domestic production, lower prices, and strategic independence — arguing that the temporary Q4 slowdown will give way to a powerful 2026 expansion.
| EVENTS IN WASHINGTON |
Mon., Nov. 24
• White House Christmas tree. The White House hosts an event to receive the 2025 White House Christmas Tree.
• Inflation and climate. The Brookings Institution holds a virtual discussion on “The supply side of inflation: How shocks affect the outlook,” focusing “climate disruptions to trade policy to structural changes in production, this event will explore how supply shocks may influence inflation dynamics in the years ahead.”
• Assessing Donald Trump. The Johns Hopkins University School of Advanced International Studies (SAIS) holds a virtual discussion on “Donald Trump in Historical Context: The Story so Far.”
Tue., Nov. 25
• COP30 recap. The Environmental and Energy Study Institute (EESI) holds a virtual briefing on “What Congress Needs to Know About COP30: Outcomes and What’s Next.”
Wed., Nov. 26
• Thanksgiving meals. Safeway and the Salvation Army hold the 26th annual Safeway Feast of Sharing, which brings together more than 1,000 volunteers annually to serve a traditional Thanksgiving meal and distribute winter coats and clothing to D.C. residents in need.
Thurs., Nov. 27
• Thanksgiving holiday. U.S. gov’t offices and markets are closed in observance of Thanksgiving.
• Holiday display. U.S. Botanic Garden opens its annual “Season’s Greenings” holiday display featuring G-gauge model trains that will run daily in the gated outdoor gardens, and the Conservatory will feature poinsettias, holiday decor, and D.C. landmarks made from plants.
Fri., Nov. 28
• Market schedule. Markets will have a shortened trading day with grain and livestock futures markets closing at 1:05 p.m. ET, energy and metals futures will close at 2:45 p.m. ET, stock markets will close at 1 pm ET and the bond market will halt trading at 2 p.m. ET.
• Holidays at Mt. Vernon. George Washington’s Mount Vernon holds a “Mount Vernon by Candlelight” tour illuminating holiday traditions in 18th century Virginia.
| ECONOMIC REPORTS & EVENTS |
— After a rough start to November — capped by its weakest week since early October — Wall Street will get a brief respite from the volatility thanks to the Thanksgiving break. Markets will be closed Thursday, giving investors a moment to regroup. Even with the shortened week, there’s no shortage of activity ahead. Earnings season is winding down, but several high-profile companies remain on deck, including Alibaba, Dell, and Deere.
The economic calendar is also packed. Traders will finally get the delayed September retail sales report and producer price index on Tuesday, followed by durable goods data on Wednesday.
— Key U.S. economic reports (Nov. 24-28)
Note: Some government data releases remain uncertain or delayed due to the previous U.S. gov’t shutdown.
Mon., Nov. 24
• Chicago Fed National Activity Index
Tue. Nov. 25
• PPI-FD | Retail Sales
• S&P Cotality HPI |
Wed., Nov. 26
• Jobless Claims
• Durable Goods Orders
Thurs. Nov. 27
• Thanksgiving holiday in U.S. with gov’t offices and markets closed.
Fri., Nov. 28
• Earnings: China Gas
| KEY USDA & INTERNATIONAL AG REPORTS & EVENTS |
— Ag focus: Tuesday brings USDA’s Outlook for U.S. Agricultural Trade report. It will be interesting to see if there is any USDA commentary/analysis provide, or just numbers. The European Commission’s crop conditions report is scheduled to be released on Monday, when USDA will also publish its grain and soy export inspection data. Focus during the week will also be on Malaysian palm oil exports and USDA’s food price outlook reports, both on Tuesday.
NOTE: U.S. releases are listed as normal, though data may be delayed or postponed due to the prior gov’t shutdown. For example, the Economic Research Service has not released their updated schedule of reports that have been impacted by the government shutdown so the reports listed for the agency may not be released. Some adjustments are a result of Thursday’s Thanksgiving holiday.
Mon., Nov. 24
• Export Inspections
• Cotton and Wool Yearbook
• Crop Progress
• JRC MARS bulletin on crop conditions in Europe
• Holiday: Argentina, Japan
Tue., Nov. 25
• EU weekly grain, oilseed import and export data
• CFTC Commitments of Traders
• Malaysia’s Nov. 1-25 palm oil exports
• Unica cane crush, sugar production (tentative)
• Outlook for US Agricultural Trade
• Export Sales
• Dairy products: Per capita consumption (Annual)
• Per capita consumption of selected cheese varieties (Annual)
• Supply and Allocation of Milk Fat and Skim Solids by Product (annual)
Wed., Nov. 26
• Livestock and Meat Domestic Data
• Earnings: Deere & Co.
Thurs., Nov. 27
• Holiday: Thanksgiving holiday in US with government offices and markets closed.
Fri., Nov. 28
• FranceAgriMer weekly crop conditions report
• CFTC Commitments of Traders
• Export Sales
• Egg Products
• Slaughter Weekly
• Peanut Prices
| KEY ENERGY REPORTS & EVENTS |
— Energy focus: North Sea crude loading programs for January are due Thursday, ahead of the expiry of Brent futures for that month. Energy-related events will include Equinor’s Autumn Conference and a BNEF Summit. The market will be watching for any news about the OPEC+ ministerial discussions scheduled for Nov. 30.
NOTE: U.S. releases are listed as normal, though data may be delayed or postponed due to the prior gov’t shutdown. Some adjustments are a result of Thursday’s Thanksgiving holiday.
Mon., Nov. 24
• Holiday: Japan, Venezuela
Tue., Nov. 25
• API US inventory report
• BNEF Summit in Shanghai; runs through Wednesday
• Equinor Autumn Conference, Oslo
• Brent options for January expire
Wed. Nov. 26
• EIA Petroleum Status Report
• Weekly Ethanol Production
• Baker-Hughes Rig Count
• Angola final export program (January)
• Holiday: Oman
Thurs., Nov. 27
• Singapore onshore oil product stockpile weekly data
• North Sea programs due (January)
• Recharge WindPower Summit, Hamburg
• Holidays: Oman, U.S.
Fri., Nov. 28
• ICE weekly Commitments of Traders report for Brent, gasoil
• Brent futures for January expire
