Oil takes a hit
Oil saw its largest daily sell-off since July 2022 yesterday, with Brent settling 5.62% lower
Diesel supply concerns grow with Russian export ban
Middle distillate markets received another boost yesterday after Russia announced that it would be temporarily banning diesel and gasoline exports
The Commodities Feed: Saudi and Russian oil cuts
The oil market had largely expected the Saudis and Russians to extend supply cuts. What was unexpected was extending these cuts through until year-end
Sentiment in the oil market remains constructive. Price direction in the immediate term will be dictated by what Saudi Arabia and Russia decide to do with…
Crude oil prices have been trading firm this morning after Russia confirmed that it will extend export curbs
The Commodities Feed: Key US CPI release
OPEC+ shocks oil market with supply cuts
The Commodities Feed: Under pressure
Per la BCE non è il momento di andare in vacanza
Eurozona, la produzione industriale cala a maggio
Russian key rate is on the way to double digits
Russian data supports the central bank's hawkish bias
Russian capital flows, not current account, remain key in determining ruble…
Russian key rate to approach double digits in February
Energy Outlook: Oil and gas prices to remain elevated
The exceptional strength in energy markets over 2021 has continued into 2022. Growing geopolitical risks and supply disruptions have proven constructive…
Russia suspends FX purchases to mitigate foreign policy pressure on the market
The Russian central bank suspended its FX purchases today, removing an extra $0.5bn of daily FX demand from the market. Due to foreign policy pressure the…
Commodity prices could soar if the Russia-Ukraine crisis escalates
Russian balance of payments is solid but not bullet-proof
Russia boosts FX purchases with taxation changes
Russian inflation at high plateau, as consumer activity loses steam
Bank of Russia delivers a 100bp hike but the signals become less hawkish
Russian inflation in November: mounting pressure in durables is the key concern
