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

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.