Market Update

Officials said that the OPEC + bloc will likely adhere to modest oil production increases when it meets on Wednesday, with Saudi Arabia and the United Arab Emirates, two of the largest members of the Organization of the Petroleum Exporting Countries, complying with the agreement with Russia, despite the expansion …

The Central Bank of Russia decided not to resume trading on the Moscow Stock Exchange today, Wednesday, in the stock market sector, with a few exceptions. The Russian Central Bank said that the decision on trading tomorrow, March 3, will be taken before nine o’clock in the morning Moscow time …

Japanese stocks fell after a three-session rally to close lower on Wednesday, as growing concerns about the impact of Western sanctions imposed on Russia after its invasion of Ukraine prompted investors to shun risky assets and seek safe-havens. The Nikkei index fell 1.68 percent to close at 26,393.03 points, while …

Reuters calculations, based on a report by the Interfax news agency, showed that Russia’s production of oil and gas condensate rose in February to 11.06 million barrels per day, while trade in crude was hampered by the sanctions imposed due to developments in Ukraine. Production increased from 11 million barrels …

US planemaker Boeing said on Tuesday it would suspend spare parts, maintenance, and technical support for Russian airlines, and also suspend major operations in Moscow after Russia’s invasion of Ukraine. “As the conflict continues, our teams are focused on ensuring the safety of our colleagues in the region,” a Boeing …

Eastern Europe geopolitical tensions are stilling leading market movements. Safe-haven assets turned higher, as Russia escalated its attacks on Ukraine, while President Putin said that the invasion would continue until he reaches his goal.Usually neutral countries are joining global efforts to stop Russia. Switzerland and Finland, among others, are either …

The Organization of the Petroleum Exporting Countries and its allies led by Russia, known as OPEC+, have been unwinding historic production cuts they instated in 2020 after the pandemic caused an unprecedented fall in global demand.Then, former US President Donald Trump intervened to encourage Riyadh and Moscow to end a …

US equities are sharply lower on Tuesday’s US session as investors express concerns and fret about the global economic impact of the West’s harsh sanctions against Russia.Russians intensified bombardment of Ukrainian cities. Commodity prices, including crude oil, natural gas and wheat, surged on Tuesday, igniting further concerns about longer-lasting inflationary …

US President Biden will deliver his first State of the Union address Tuesday, within a few hours, as he seeks to contain the impact of the running war in Ukraine, guide the US and its economy through the Covid-19 pandemic, and help buoy Democrats in November’s midterm elections.Biden will juggle …

Gold rises for the second consecutive day on Tuesday, back above the $1900 mark so far, and it will likely remain higher as geopolitical tensions persist. Ukraine – Russia conflict does not appear to end in the short term, despite Monday’s first round of talks between officials from both countries. …