๐ 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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๐ฅโ๏ธ๐ซ๐ข 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.
โ ๏ธ๐บ๐ธ 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
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โ ๏ธ๐บ๐ฆ The United States anticipates new progress in negotiations regarding the Ukrainian settlement in the coming weeks, according to Witkoff. mt ะฒ max
๐ข๐ช๐บ European Commissioner for Energy, Jรธrgensen, 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
๐ 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.
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๐บ๐ธ USA - Nonfarm Payrolls (February) - 16:30 MSK
๐บ๐ธ USA - Unemployment Rate (February) - 16:30 MSK
๐บ๐ธ USA - Nonfarm Payrolls (February) - 16:30 MSK
๐บ๐ธ USA - Unemployment Rate (February) - 16:30 MSK
๐ฅ๐บ๐ธ 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 ะฒ max.
๐ซ๐ข 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.
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๐ข Brent crude oil prices have surpassed $90 per barrel, indicating a significant rise in the global oil market. Investors and analysts are closely monitoring the situation as the implications of this increase could affect various sectors. For further updates, visit mt ะฒ max.