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10 Mar 2020

Russia's energy ministry to meet with Russian oil companies on Wednesday – Reuters

Russia's energy ministry has called a meeting with Russian oil producers on Wednesday, Reuters reported on Tuesday, citing two sources familiar with the matter.

The ministry is expected to discuss future cooperations with OPEC at the meeting.

Earlier in the day, Russia’s Energy Minister Alexander Novak said that they could raise their oil output by 500,000 barrels per day (bpd) in the near future.

Crude oil reaction

The barrel of West Texas Intermediate largely ignored this headline and was last seen trading at $33.50, adding 11% on the day.

Mar 10, 2020

EUR/SEK: Price reflects Riksbank rate cut – Danske Bank

The EUR/SEK pair raised yesterday due to the market pricing a rate cut by the Riksbank soon, according to economists at Danske Bank. EUR/SEK is curren

EUR/USD: Dollar’s turn to slide

After so many ‘dead cat bounces’ for the euro – it seems that now it is the dollar's turn as President Trump is set to lay out a plan for the stimulus