Russian Deputy PM Novak says "we will impose a gasoline export bank if necessary"; has possibility to increase oil production if required, but investment will be needed; is already trading oil without discount, and with a premium in a number of lines
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Russian Deputy PM Novak says "we will impose a gasoline export bank if necessary"; has possibility to increase oil production if required, but investment will be needed; is already trading oil without discount, and with a premium in a number of lines
CNOOC exec says domestic crude oil output may rise to 65-70mln metric tons annually by 2030 (vs current 61mln)
Energy Capital Partners is looking to make new investments in natural-gas-fired electricity plants but is moving cautiously, WSJ reports
On the Newsquawk feed at , 20 minutes before this page.
Context
Russia's Deputy PM Novak's comments signal a willingness to use export restrictions as a lever in response to market conditions, which could intensify supply concerns in the energy markets. His indication of maintaining production flexibility, combined with current premiums on certain oil products, suggests a strategic positioning for Russia amidst geopolitical tensions, likely impacting WTI prices and broader market sentiment.
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