US Retail Sales Rose 3.5% YoY in Oct-25

MACROECONOMY
US Retail Sales Rose 3.5% YoY in Oct-25 
US retail sales grew by 3.5% YoY in Oct-25, easing from a downwardly revised 4.2% in Sep-25 and below the long-term average of 4.76% (1993–2025). Despite the deceleration, the figure reflects continued consumer spending resilience. For context, retail sales hit a record high of +51.8% in Apr-21 and a record low of -19.7% in Apr-20. (Trading Economics)

INDUSTRY 
Indonesia Crude Price (ICP) Fell to USD 62.83/bbl in Nov-25 
ICP declined to USD 62.83/bbl in Nov-25, down USD 0.80/bbl from USD 63.62/bbl in Oct-25, as confirmed under MEMR Decree No. 416.K/MG.03/MEM.M/2025 dated 10-Dec. The drop tracked weaker global oil benchmarks amid a stronger USD that pushed investors toward money markets, alongside rising oversupply concerns following OPEC+ plans to lift output by 137 kbpd in Dec-25 and non-OPEC+ production growth of c.900 kbpd in 2025. Additional pressure came from higher global inventories, which surged 77.7 mn barrels in Nov-25 to the highest level since Jul-21, and Saudi Arabia’s cut in official selling prices to Asia, while Dated Brent, WTI, ICE Brent, and OPEC Basket all recorded MoM declines. (Kontan) 

COMPANY 
Medco Energi (MEDC) Executed USD 93.41 mn Affiliate Transaction 
MEDC, through Medco LNG Indonesia (MLI), executed an affiliate transaction worth USD 93.41 mn on 12-Dec-25, involving the acquisition of a 40% stake, equivalent to 542,746 shares, in Transportasi Gas Indonesia from Transasia Pipeline Company Pvt Ltd (TPC). The transaction strengthens MEDC’s gas infrastructure portfolio and was conducted between affiliated entities MLI, TPC, and Transportasi Gas Indonesia. (Emitennews)