00:04:57
EIA Short-Term Energy Outlook: Brent prices are expected to be $86/barrel in 2024, up from $84/barrel previously. Brent prices are expected to be $88/barrel in 2025, up from $85/barrel previously.
00:02:44
EIA Short-Term Energy Outlook report: The forecast for global crude oil demand growth in 2024 will remain unchanged at 1.1 million barrels/day, and the forecast for global crude oil demand growth in 2025 will be raised by 300,000 barrels/day to 1.8 million barrels/day (previously 1.5 million barrels/day).
23:47:57
Senior NATO official: Russian President Vladimir Putin believes "time is still on his side" and is willing to endure "truly staggering numbers of military casualties."
23:43:47
U.S. Treasury Secretary Yellen: U.S. President Biden performed well in the meetings she attended.
23:43:32
Senior NATO official: Ukraine expects to intensify offensive operations as supplies and weather conditions permit.
23:42:44
Senior NATO official: Russia still lacks the ammunition and troops needed to launch a major offensive in Ukraine. Russia needs to obtain a large supply of ammunition from other countries, in quantities beyond what it already has.
23:35:14
Federal Reserve Chairman Powell: Wage growth remains high but is declining.
23:33:59
Federal Reserve Chairman Powell: In the short term, immigration may have contributed to inflation.
23:20:24
Federal Reserve Chairman Powell: We need more good inflation data to cut interest rates.
23:19:56
Federal Reserve Chairman Powell: (When asked about climate scenario risk exercises) The Federal Reserve is carefully evaluating what else needs to be done.
23:19:13
Federal Reserve Chairman Powell: We have not made any decision on whether to repeat climate scenario exercises.
23:14:00
Federal Reserve Chairman Powell: For smaller banks, we stay in touch with them to make sure they can manage risks.
23:10:02
Federal Reserve Chairman Powell: Manufacturing is not creating many new jobs today.
23:09:18
Federal Reserve Chairman Powell: No signal will be sent today about the timing of future policy actions.
23:08:55
Federal Reserve Chairman Powell: We believe inflation is an imbalance between supply and demand.
23:08:25
U.S. Treasury Secretary Yellen: We are working hard to reduce the debt burden of poor countries.
23:08:09
Gareth Truran, Executive Director of the Bank of England: The Bank of England will soon publish details of the 2025 stress test of insurance companies and will publish the results of individual companies for the first time.
23:03:26
Federal Reserve Chairman Powell: We are looking at how to regulate banks faster and more forcefully where appropriate.
22:45:08
U.S. Treasury Secretary Yellen: Many supply issues have been resolved and wage pressures are easing.
22:42:00
Federal Reserve Chairman Powell: Our economy is performing exceptionally well compared to our global peers.
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