German Chancellor Scholz: We hope to reduce risks in terms of raw materials, and using domestic raw materials will also help.

German Chancellor Scholz: Therefore, despite the criticism, some subsidies and promotion schemes will still be under review.

German Chancellor Scholz: The priorities for the 2024 budget are security, climate neutrality and solidarity.

German Chancellor Scholz: Our fiscal policy will follow this logic for the next few years.

European Central Bank Chief Economist Lane: The European Central Bank is considering a variety of measures to analyze price shocks.

European Central Bank Chief Economist Lane: The European Central Bank needs to determine the outlook for inflation based on data.

UK government: UK will introduce new legislation to keep sanctions on Russia in place until Moscow pays compensation to Ukraine.

Ukrainian Air Force Command: Russian missile launch detected.

According to JODI, the joint oil database: Saudi exports of petroleum products increased by 75,000 barrels per day in April to 1.547 million barrels per day.

According to JODI, the joint oil database: Saudi demand for petroleum products fell by 20,000 barrels per day in April to 2.263 million barrels per day.

According to RIA Novosti: The head of the Russian intelligence service said that the death of a large number of Ukrainian soldiers trained by NATO and the destruction of their equipment will weaken the combat capabilities of the Ukrainian army.

Qatar Airways CEO: 2050 clean energy target looks out of reach

Qatar Airways CEO: Air fares are expected to remain high due to capacity shortages and industry shift to sustainable aviation fuels will lead to inflation.

NZD/USD fell back below 0.62, down 0.64% on the day.

Joint Oil Database JODI: Saudi crude oil production fell by 3,000 barrels per day in April to 10.461 million barrels per day.

Joint Oil Database JODI: Saudi domestic refinery crude oil processing fell by 42,000 barrels per day in April to 2.69 million barrels per day.

Joint Oil Database JODI: Saudi crude oil inventories rose by 1.977 million barrels in April to 149 million barrels.

Joint Oil Database JODI: Saudi crude oil exports fell by 207,000 barrels per day month-on-month in April to 7.316 million barrels per day.

According to a Reuters poll: 30 of 33 economists expect the Swiss National Bank to raise its key policy rate by 25 basis points to 1.75% on June 22, while three others said it would raise by 50 basis points.

Sources: The World Bank plans to approve $700 million in budget and welfare support to Sri Lanka on June 28. The $500 million budget support is expected to be disbursed in two equal installments, with the first installment expected to be released immediately, the second The grant will be released in October.