📢 Makana 360 Daily Report – October 17, 2025
📌 Oil & Geopolitics – Prices Ease on Summit Signals:
Crude fell ~3% on the week as Brent hovered near ~$60.9 (later ~$60.6) and WTI ~$57.3 early Friday. Sentiment softened on news of a possible Trump–Putin summit in Hungary about ending the Ukraine war, an IEA outlook pointing to a 2026 supply glut, a U.S. crude build of 3.5M bbls (to 423.8M), record U.S. output (13.636 mbpd), and seasonal refinery turnarounds.
📌 India–Russia Oil – U.S. Claim vs Market Reality:
A White House official said India has “already halved” Russian crude purchases after talks in Washington, but Indian industry sources report no immediate cuts; any reductions would likely show in Dec–Jan since November cargoes are booked. October arrivals are actually set to rise ~20% to ~1.9 mbpd. Trump claimed PM Modi pledged to stop buying Russian oil, while India’s ministry said it wasn’t aware of such a call. Brent slipped toward ~$60.58 on the headlines.
📌 Africa – Madagascar Military Leader Sworn In:
Colonel Michael Randrianirina was sworn in as president after the military seized power amid youth-led protests over utilities shortages. He said institutions are dissolved except the National Assembly, and a military-led committee will govern for up to two years before elections. The AU and UN condemned the coup; ousted Andry Rajoelina has not formally stepped down.
📌 Sports/Media – Top Mentions & Reach:
“UK police ban ‘Israeli’ fans from Aston Villa Europa League match” led sports chatter with ~2.2M reach; in tech/science, “Present Bias and Memorylessness Shape Miner Behavior in Blockchain Algorithms” garnered ~5.7M reach—together dominating the day’s cross-vertical conversation.
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