German Economy Ministry spokesperson says markets are liquid and "we have no problem with the security of gas supply"
The German Economy Ministry's reassurance about the security of gas supply indicates stability in energy markets, which is crucial given current geopolitical tensions.
German New Car Registrations YoY (Feb) Y/Y 3.8% (Prev. -6.6%)
Russia is reportedly giving Iran information to attack US forces, according to Washington Post citing sources; information has included the locations of US warships and aircrafts in the Middle East
German Economy Ministry spokesperson says markets are liquid and "we have no problem with the security of gas supply"
Kpler's Bakr says "with Middle East Gulf exports constrained and storage pressures building, Russian crude on water, SPR releases, and delayed US supply responses offer only a very small and short lived partial relief"
Production at an oil field operated by a US company in the Kurdistan region of Iraq has been halted due to a terrorist attack, AFP reports citing an official source
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This statement may alleviate fears regarding supply disruptions and could support risk assets, particularly in Europe, while impacting energy prices if bullish sentiment develops.
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