🚨🛢️🇯🇵 Japan is considering the option of releasing its strategic oil reserves even without coordinated international action, according to Kyodo. The reserves are designed to last for 254 days. For more details, visit mt in max.

🛢 Brent oil prices have surpassed $88 for the first time since April 29, 2024. This uptick indicates a significant shift in the market, drawing attention from investors and analysts alike. For more insights, visit mt in max.

🚨 Strong outflows of BTC from exchanges have been reported, according to data from CryptoQuant. The market is reacting to these significant movements as traders monitor the situation closely. For more insights, visit mt в max.

🚀 Ursula von der Leyen stated that Europe's energy system is now cleaner, more diverse, and more stable than in previous years. However, recent events in the Middle East highlight the risks of excessive reliance on fossil fuels. She emphasized the need to enhance the functioning of the energy market, attract more investments in clean technologies, and advance toward domestic clean energy. This is crucial for energy security, affordability, independence, and competitiveness.

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🛢🇪🇺 European Commission President Ursula von der Leyen and European Council President António Costa will meet with leaders from the Gulf States on Monday, March 9.

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🔥❗️🚫🛢 Production of liquefied natural gas (LNG) in Qatar will not resume until military operations cease, according to the country's Energy Minister. This statement highlights the ongoing impact of conflict on energy production in the region. For more details, visit mt in max.

🌟 On March 10, the Moscow Exchange will commence trading in mini-futures for platinum and palladium.

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🛢🇺🇸 The U.S. Secretary of Energy has stated that the impact of chaos in the Middle East on gasoline prices will last for weeks, not months. Former President Trump emphasizes the importance of reducing gasoline prices.

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🚢 The U.S. Secretary of Energy, Wright, announced that U.S. Navy ships will arrive to escort tankers as soon as possible.

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⚠️🇺🇸 Waller from the Federal Reserve has warned that a decline in energy prices occurring in the next few weeks or months could pose challenges for the Fed. He emphasized that if this trend persists, it may lead to more significant repercussions. Waller also noted that energy crises in the 1970s were cyclical, and prices never returned to previous levels. mt in max

⚠️🇺🇦 The United States anticipates new progress in negotiations regarding the Ukrainian settlement in the coming weeks, according to Witkoff. mt в max

🛢🇪🇺 European Commissioner for Energy, Jørgensen, stated that the EU is not close to experiencing an energy crisis similar to that of 2022. He emphasized ongoing negotiations with the United States for increased LNG supplies. The situation remains closely monitored as markets evolve. mt in max

🚫 Traffic volume dynamics through Hormuz by categories has been reported by BBG. For more insights, visit mt in max.

⚠️🇨🇭 Switzerland plans to increase its VAT to fund defense initiatives, according to BBG.

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🛢 Oil is expected to reach $100 next week, according to Kirill Dmitriev. For more updates, visit mt in max.

🌍 A CNN correspondent recently reported from Iran, where fighting has persisted for seven days with Israel and the US, leading to bombings in numerous cities, including the capital. Surprisingly, life appears to continue as normal, with shops open and no shortages of goods. The journalist observed no long lines at gas stations in Tehran, and an overall sense of calm prevails. Meanwhile, former President Trump has accused CNN of promoting Iranian propaganda.

🚨 Upcoming Events

🇺🇸 USA - Nonfarm Payrolls (February) - 16:30 MSK
🇺🇸 USA - Unemployment Rate (February) - 16:30 MSK

🔥🇺🇸 The latest report on the U.S. economy reveals that Non-Farm Payrolls for February decreased by 92,000, significantly lower than the expected increase of 58,000 and a revision from the previous figures of 130,000 to 126,000. Additionally, the unemployment rate for February stands at 4.4%, slightly above the anticipated 4.3%, maintaining the previous month's rate. For more details, visit mt в max.

⚠️🇺🇸 In February, private sector jobs decreased by 86,000, marking the worst performance since December 2020. This decline raises concerns about the current state of the U.S. economy. For more details, visit mt в max.

🚨🛢🇺🇸 The price of gasoline in the United States has risen to $3.30 per gallon.

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🚫🛢 Kuwait is reducing oil production at some fields due to storage facilities reaching capacity. Saudi Arabia and the UAE are also nearing their storage limits. The situation arises from export difficulties, necessitating production cuts. According to a recent report by the Financial Times, Saudi Arabia has approximately two weeks before it must begin reducing oil output as its tanks fill up. For more details, visit WSJ and mt in max.