Positive signs that G7 countries will coordinate a release from SPR to lower the price of a barrel of oil, according to Fox's Lawrence citing sources; Nothing can happen until Energy Ministers meet tomorrow
Newsquawk Staff ·
- But the sources tell him there are positive signs from the French Energy Minister and from the US.
What it means
The potential coordination among G7 countries to release oil from strategic reserves could signal a proactive approach to curb rising prices, particularly amid supply concerns. This development hinges on the outcomes of the upcoming Energy Ministers' meeting, which will determine the extent of this action and its immediate market implications.
Sources
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- Israeli election results show Netanyahu's bloc with 53 seats, Eisenkot's bloc with 47 and Arab parties with 19, following the counting of all votes excluding double-envelope ballots, i24 reports
- Atomic Energy Organization of Iran Spokesman says protocol for building small reactors with Russia is being finalized
- Russian Deputy PM Novak says they are open to work with US partners on energy, but there are no current discussions around a return to specific projects
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