Biden is ready for a record release of emergency oil supplies – live updates

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE

Mr.good morning

US President Joe Biden is ready for a dramatic intervention in the energy markets, as he wants to keep the cover over rising fuel prices.

His administration is expected to consider the largest release from emergency reserves to date. About a million barrels would be released every day for a few months, reaching a total of 180 million barrels.

At the same time, there is diplomatic pressure for IEA Member States to promote coordinated global disclosure.

Oil prices have kept above $ 100 a barrel as the Russian war in Ukraine upsets markets and traders boycott Moscow. According to release reports, Brent reference oil fell 4 percent to $ 109.

5 things to start the day

1) Olaf Scholz plays a high-stakes chicken instead of Putin’s gas Germany seems to have an advantage when it wants to phase out Russian supplies, but risks serious consequences if things get complicated

2) £ 1700 a year blow for homeowners as cheap mortgages expire Hurry up with the re-flag before the Bank of England raises interest rates to more than 2 per cent

3) Visa and Mastercard found themselves in a legal storm over card fees The joint action alleges that credit card providers charge up to six times the maximum fee

4) Sir Martin Sorrell suffered a £ 100 million blow when shares of S4 Capital fell PwC says it was unable to complete an audit of its annual results ahead of its planned release on Thursday

5) The ban on the spread of mud was lifted by the victory of the peasants Rising fertilizer costs could lead to food shortages if farmers are unable to use manure as an organic alternative

What happened overnight

Asian stock markets fell on Thursday after Chinese production weakened and Russian shelling of the Ukrainian capital undermined hopes of progress in peace talks.

Shanghai, Hong Kong and Tokyo declined, while Seoul gained. Oil in New York fell by more than $ 7 a barrel, but remained above $ 100.

He’s coming today

  • Company: BBGI Global Infrastructure, Chesnara, Hostelworld Mears Group, Provident Financial, S4Capital (year-round results); Infrastructure 3i, Oxford instruments, pets at home (trading statement)
  • economy: GDP (United kingdom)National Housing Price Index (United kingdom)retail (Ger)Unemployment rate (EU)unemployment claims (USA)personal consumption (USA)Chicago Purchasing Managers’ Index (USA)

.

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE

Leave a Comment

error: Content is protected !!