News

Russian President Vladimir Putin: The current high commodity prices are temporary.

Hungarian Prime Minister Orban: The fuel price cap will apply to individuals, the agricultural and transportation industries, and businesses.

Russian President Vladimir Putin: We will continue to supply energy resources to reliable partner countries.

Russian President Vladimir Putin: Global natural gas prices have risen more than oil prices.

Russian President Vladimir Putin: Russian companies need to take advantage of the current situation.

Russian President Vladimir Putin: Logistics will shift to more profitable markets.

The U.S. six-month Treasury bond auction as of March 9 - the winning interest rate was 3.535%, compared with the previous value of 3.54%.

The U.S. six-month Treasury bond auction as of March 9 - the winning rate allocation percentage was 32.35%, compared with the previous value of 44.84%.

Market news: Currency markets are currently only fully pricing in one 25 basis point interest rate hike by the European Central Bank before the end of the year, while two more rate hikes were expected earlier today.

The U.S. six-month Treasury bond auction as of March 9 - the bid-to-bid ratio was 3.09, compared with the previous value of 3.1.

The U.S. three-month Treasury bond auction as of March 9 - the winning interest rate was 3.605%, compared with the previous value of 3.61%.

The U.S. three-month Treasury bond auction as of March 9 - the winning rate allocation percentage was 59.78%, compared with the previous value of 35.78%.

The U.S. three-month Treasury bond auction as of March 9 - the bid-to-bid ratio was 2.92, compared with the previous value of 3.16.

Mexican President: Will meet with Finance Minister on soaring oil prices.

Mexican President: Mexico may cut fuel taxes to offset rising global oil prices.

1. United States: As of February 27, data from the U.S. Energy Information Administration (EIA) showed that the U.S. Strategic Petroleum Reserve held 415.4 million barrels of crude oil. In addition, U.S. private commercial reserves hold 439.3 million barrels of crude oil. 2. Japan: As of the end of last year, the Japanese government held 260 million barrels of crude oil inventory, and the total national oil equivalent inventory was approximately 470 million barrels. Japan's Ministry of Natural Resources and Energy said the government held stocks equivalent to 146 days' worth of imports. In addition, 180 million barrels of oil-equivalent fuel are held in private inventories (of which 90 million barrels are crude oil). 3. Germany: The German Economy Ministry stated that the government holds 110 million barrels of crude oil and 67 million barrels of refined oil inventories. 4. France: The latest public data shows that as of the end of 2024, France has approximately 120 million barrels of crude oil and refined oil inventories, of which approximately 97 million barrels are held by the government-authorized agency SAGESS. The structure is roughly about 30% crude oil, 50% diesel, 9% gasoline, 7.8% aviation fuel and some heating oil. Another 39 million barrels are held by the country's oil companies. 5. Italy: According to legal requirements, Italy needs to maintain about 76 million barrels of inventory, equivalent to about 90 days of average net oil imports in 2024. 6. UK: Data from the UK Department of Energy Security and Net Zero Emissions show that as of February 26, the UK had approximately 38 million barrels of crude oil and 30 million barrels of refined oil inventories. 7. Canada: Canada does not have strategic oil reserves. As a net oil exporter, the IEA does not require it to establish reserves. As the world's fourth largest crude oil producer, Canada's daily output exceeded 5 million barrels in December last year, and most of its exports went to the United States.

Mexico’s Minister of Economy: The main topics of the US-Mexico-Canada Agreement are rules of origin and supply chains.

Market News: Traders no longer expect the Bank of England to raise interest rates this year.

German Finance Minister: Using oil reserves is an option, but it has not yet been implemented.

Market news: The United States is close to an agreement to resume intelligence operations in Mali.