Russian Deputy Finance Minister says Russian ministry of finance is not considering adjusting the oil cut-off price for the current year
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Russian Deputy Finance Minister says Russian ministry of finance is not considering adjusting the oil cut-off price for the current year
BoE's Pill: "I stand ready to act – if necessary – to contain the lasting components of any new inflationary pressures so as to deliver on the MPC’s price stability mandate over the medium term"
QatarEnergy says it declared force majeure on LNG contracts with Italy, Belgium, South Korea, and China; two LNG trains and one GTL train damaged at Ras Laffan in attacks on March 18th-19th
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Context
The statement from the Russian Deputy Finance Minister signals stability in Russia's oil price policy for the year, which could mitigate fluctuations in global oil markets. This stance may lend support to oil prices and impact currencies linked to commodity prices, particularly the RUB and those of energy-dependent economies. Traders will want to monitor how this influences market sentiment around energy commodities and associated currencies as geopolitical tensions evolve.
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