News

U.S. Energy Secretary Wright: The release of the Strategic Petroleum Reserve (SPR) will get us through several weeks of supply disruptions.

The Stoxx Europe 600 index erased early losses.

European Commission Spokesperson: The EU Delegation to Azerbaijan is in contact with the local government to assist the evacuation of EU citizens from Iran.

French Government: Some fuel prices will be reduced by 0.10 to 0.30 euros/liter.

French Government: Fuel dealers agree to some price caps and price cuts.

U.S. Secretary of Energy Wright: (As to whether the U.S. Navy can conduct escort operations before the end of this month) Probably yes.

U.S. Energy Secretary Wright: Naval escort will be launched soon.

U.S. Secretary of Energy Wright: Naval escort is currently not possible.

U.S. Energy Secretary Wright reiterated that action in Iran will take weeks, not months.

U.S. Energy Secretary Wright: 172 million barrels of crude oil have been released, and in return 200 million barrels will be recovered within one year.

U.S. Energy Secretary Wright: There is no real tension in oil supply in the Western Hemisphere. The tension is mainly in Asia.

Lufthansa has canceled all Dubai routes until March 28.

Norwegian Prime Minister: Gas price caps are unwise.

Norwegian Prime Minister: Europe is discussing setting a price ceiling for natural gas; this approach is not wise.

European Commission Spokesperson: The implementation of the US-EU trade agreement should continue to be promoted.

European Commission Spokesperson: The EU will respond resolutely and proportionally to US violations of the agreement.

European Commission Spokesperson: We have not seen any signs that the United States intends to deviate from its commitments in the trade agreement.

European Commission Spokesperson: Reiterates its expectation that the United States will fulfill its commitments.

European Commission Spokesperson: We will continue to be ready for constructive exchanges with the United States.

European Commission spokesperson: The details of the 301 investigation will be carefully reviewed.