The IEA lowered its forecast for next year’s oil surplus, saying demand is set to be higher than previously estimated. The agency’s revision narrows the expected market surplus and could support oil prices if the trend persists. #FiatNews

The Wall Street Journal reports unpublished annexes to the Trump administration’s post‑war Ukraine reconstruction plan could include proposals for US investments in Russia’s economy, including mining of rare metals, if Moscow re‑engages internationally. #FiatNews

The European Commission is considering a five‑year postponement of the ban on internal combustion engines for hybrid vehicles, responding to pressure from several large car‑producing member states. The delay would affect the timeline for phase‑out rules. #FiatNews

Novo Nordisk shares have plunged about 50% year‑to‑date after disappointing clinical trial results and mounting competition in the obesity‑drug market, erasing much of the earlier gains tied to the weight‑loss medication boom. #FiatNews