Sources: Pemex is understood to have delayed maintenance work on its main platform in the Gulf of Mexico for months after a facility malfunction caused large amounts of methane to be emitted from its platform.

The Indian rupee fell below 83.42 against the US dollar, hitting a record low.

World Steel Association: Global crude steel production in February 2024 was 148.8 million tons, an increase of 3.7% from February 2023.

Kremlin: (On Western banks’ concerns over Russia’s proposal to seize frozen assets) Any bank’s legal services department understands that this would have disastrous consequences.

Kremlin: (Speaking on frozen Russian assets) The EU is wrong to say that the income from these assets does not belong to anyone, in fact they belong to the owners.

Kremlin: (on alleged U.S. demand that Kiev stop attacking Russian oil facilities) We would prefer they tell Ukraine to stop attacking civilian targets.

Kremlin: (Speaking on EU restrictions on Russian grain imports) We have many alternative export routes.

Kremlin: Not aware of nor received assurances from Yemen’s Houthis about the safety of Russian ships.

German Defense Minister Pistorius: The position of EU defense industry commissioner is something we can consider.

German Defense Minister Pistorius: We do not support the idea of establishing a dedicated EU defense commissioner position.

ECB Governing Council member Nagel: The transmission mechanism is largely comparable to other cycles.

ECB Governing Council member Nagel: We should not be too optimistic about inflation.

German Defense Minister Pistorius: Tank negotiations are complex and difficult.

German Defense Minister Pistorius: Production will be split equally between French and German industry.

German Defense Minister Pistorius: Today an agreement was reached with France on the development of joint ground combat vehicles, and tasks have been allocated for future tank projects.

ECB Governing Council member Nagel: More clarity is needed on inflation, especially core inflation.

ECB Governing Council member Nagel: We have seen premature interest rate cuts in the past.

ECB Governing Council member Nagel: The last leg of the inflation battle is the most difficult one.

ECB Governing Council member Nagel: The March forecast is reason for optimism that inflation will reach the 2% target.

ECB Governing Council member Nagel: Core inflation remains stubborn.