News

Birol, Director of the International Energy Agency: We are in close contact with energy ministers around the world, including Saudi Arabia, Brazil, India, Azerbaijan and Singapore, on the situation.

Two sources: India's Reliance Industries has purchased at least 6 million barrels of Russian crude oil for delivery in March.

French Finance Minister: Hopes that the G7 will issue a statement within the next hour on consultations on the release of emergency oil reserves.

French Finance Minister: Our consensus is that if necessary, any necessary tools will be used to stabilize the market, including the possible release of necessary reserves.

US President Trump: If Australia does not provide asylum to them, the United States will take over the team.

US President Trump: (Regarding the return of the Iranian women’s national football team to Iran) Australia made a terrible humanitarian mistake by allowing the Iranian women’s national football team to return to Iran. They will probably be killed. Don't do it, Mr. Prime Minister, give them shelter.

German Steel Association: The focus of the steel industry is gas and electricity.

U.S. and Burundi oil prices have risen in the short term, now trading at $103.6/barrel and $101.8/barrel respectively. Earlier, the French Finance Minister said that the G7 has not yet reached a consensus on the release of oil reserves.

French Finance Minister: The G7 countries have still not reached an agreement on the release of strategic oil reserves.

French Finance Minister: Ready to use strategic oil reserves to stabilize the market. The G7 finance ministers are prepared to take all necessary measures.

The Conference Board Employment Trends Index for February was 105.37, down from the previous value of 105.06.

Japanese Finance Minister Satsuki Katayama: The G7 agreed to monitor energy market developments.

Portuguese Finance Minister: It is too early and premature to discuss the impact of the Iran crisis on inflation and interest rates.

Japanese Finance Minister Katayama Satsuki: The International Energy Agency (IEA) calls on G7 countries to jointly release oil reserves.

Japanese Finance Minister Katayama Satsuki: The G7 joint statement will mention specific measures including the release of oil reserves.

Japanese Finance Minister Katayama Satsuki: I have explained the situation of Japan’s financial markets, including foreign exchange.

Japanese Finance Minister Katayama Satsuki: Executives from the International Energy Agency, the Organization for Economic Co-operation and Development and the International Monetary Fund attended the meeting.

Japanese Finance Minister Katayama Satsuki: The G7 online meeting discussed how the situation in the Middle East will affect the global economic and trade situation.

European Commission Executive Vice President Dombrovskis: Potential measures in the energy field are being considered, and one option is to use oil reserves.

Japanese Finance Minister Katayama Satsuki: An online meeting has been held with the G7 finance ministers.