Russia's Kremlin says it is too early to talk about concrete cooperation with the US on energy but it is being discussed
Newsquawk Staff ·
Russia's Kremlin says it is too early to talk about concrete cooperation with the US on energy but it is being discussed.
What it means
Russia's statement indicates a cautious approach to potential cooperation with the US on energy, suggesting that while discussions are ongoing, no actionable agreements are on the table yet. This may affect energy markets by prolonging uncertainty around supply dynamics, particularly for European markets heavily reliant on Russian energy exports. Traders should watch for further developments, as any shifts could significantly impact oil and gas prices.
- US Weekly Private Energy Inventory Data (bbls): Crude -2.0mln (exp. +0.5mln), Gasoline +2.4mln (exp. -1.3mln), Distillate +0.4mln (exp. -0.9mln), Cushing -0.5mln
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL
- US Energy Secretary Wright says the suspension of sanctions on Russia is temporary; US is ramping up LNG exports
- US President Trump says he is travelling to a rally in Corpus Christi, Texas, where the US will receive 1mln barrels of Venezuelan oil as a result of the military operation, followed by the biggest oil deal in the history of the world
- Russian refineries’ crude processing up 25% since drone attacks stopped in mid-October, according to reports, citing sources
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