Bank of England Governor Bailey: Supply is expected to exceed demand.

Bank of England Governor Bailey: UK economic growth is expected to "accelerate slightly."

Russian Deputy Prime Minister Novak: The current oil market situation is stable.

Russian Deputy Prime Minister Novak: The OPEC+ Joint Ministerial Monitoring Committee (JMMC) agreed to continue to monitor the market and fulfill its commitments.

Bank of England Governor Bailey: Red Sea tensions pose upward risks to inflation.

Bank of England Governor Bailey: Geopolitical risks have intensified.

HSBC: Another impact of Saudi Arabia’s production capacity decision is that the world will replace Saudi oil with other sources of low cost and low CO2 emissions.

HSBC: Our supply and demand model shows that OPEC does not have enough room to completely cancel production cuts and release new production in the next five years.

Bank of England Governor Bailey: How long policy needs to remain restrictive depends on the performance of incoming data.

Bank of England Governor Bailey: We need to keep policy restrictive enough and long enough, no more and no less.

Bank of England Governor Bailey: We need to get the policy balance right.

HSBC: Don’t expect other Gulf OPEC oil producers to follow Saudi Arabia’s decision.

Bank of England Governor Bailey: Conditions are crucial to the CPI outlook.

HSBC: Saudi Arabia’s decision will support oil prices in the medium term, but the market should remain well-supplied or oversupplied in the medium term.

HSBC: Saudi Arabia’s decision to halt its oil growth plan shows that the country realizes that there is limited room for Saudi crude oil.

Financial website Forexlive comments on U.S. challenger layoff data: This number may seem high, but it does likely reflect a slight seasonal pattern. There were 82,307 layoffs in January, down from 102,943 in January last year, when the number was the highest since 2009.

Bank of England Governor Bailey: Inflation will remain above target for longer than predicted in November.

Bank of England Governor Bailey: "Restrictive" interest rate policy is easing inflation.

Media Director of the United Nations Relief and Works Agency (UNRWA): If funding to UNRWA is suspended, it is expected that all its operations in the region, not just the Gaza Strip, will be forced to stop by the end of February.