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Commentary: Experts predict oil prices could rise, as markets wait for Russia's reaction to US$60/barrel price cap on its oil exports; Goldman Sachs forecasts 2023 Brent crude prices to average US$110/barrel, and BofA forecasts 2023 average of US$100

Standard Chartered lists potential scenarios that could shock markets in 2023, including Fed cutting interest rates by 200 basis points should US suffer deep recession, oil crashing to US$40/barrel if global recession sets in, and Ukraine war is resolved

Euromonitor: Availability of dog/cat food products in Europe has been significantly impacted by supply chain issues, rising competition for commodity goods due to war in Ukraine; France sees highest increase at 31% in dog/cat food price over March-October

Volumes of Russian timber sent to China for processing have soared since Ukraine invasion; now some of Australia’s biggest domestic timber processors are re-configuring machinery as they switch to imports, reportedly filling warehouses with Chinese EWPs

H&M to cut 1,500 jobs amid competition, rising costs due to inflation, Ukraine war; company is looking to save US$190M/year, books US$75.8M restructuring charge in Q4

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