Japan to Limit Russian Crude Imports to Sakhalin-2 Only, Petroleum Association President Says
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THE UN WORLD FOOD PROGRAMME HAS WARNED THAT MILLIONS MORE PEOPLE COULD BE PUSHED INTO ACUTE HUNGER IF THE DISRUPTION CAUSED BY THE CONFLICT CONTINUES.-FT
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Australian Benchmark Index Falls 0.7% to 8,365.90 at Close
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Japan Petroleum Association’s president stated they expect the government to issue a second tranche of strategic reserves matching the scale of the initial release.
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According to the Japan Petroleum Association president, Japan ought to support the expansion of crude oil production in Alaska to reduce reliance on a single supply source.
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The 20-year JGB yield climbed 4.0 basis points to stand at 3.160%.
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The U.S. dollar index gained 0.21%, reaching 99.748.
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Spot platinum fell over 5%, extending its decline to $1,824.05/oz.
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A statement says ADB President Kanda is on a three-day visit to Sri Lanka.
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International Energy: 40 power stations damaged in the Middle East since the start of the Iran war
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Washington Post: Iran's Supreme Leader Mojtaba Khamenei is injured, isolated, and not responding to messages directed to him.
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According to the Japan Petroleum Association president, the closure of the Strait of Hormuz was never anticipated, as it would likely lead to a global energy crisis.
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The price target for Johnson Matthey is cut by Berenberg to 2,100p from 2,250p.
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According to the Japan Petroleum Association president, Japan has no immediate plans to use Iranian crude oil as an alternative supply.
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According to the Japan Petroleum Association president, one alternative is to move Middle Eastern crude via the Red Sea rather than the Strait of Hormuz.
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Spot silver dropped over 5%, continuing its downward trend at $64.18/oz.
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40-year JGB yields increased by 5.0 basis points, reaching 3.795%.
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The governor reported that Russian drones attacked port facilities in Ukraine’s Odesa region.
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Spot gold declined further, last down 4% at $4,306.89/oz.
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World Food Programme: 45 million people are pushed into acute hunger, in addition to 318 million facing food insecurity
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The most actively traded tin contract in Shanghai declined over 5%.
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