EUR/USD
1.17191
-0.098%
Gold
4610.73
-0.238%
Oil
99.257
-3.172%
USD/JPY
157.057
0.284%
GBP/USD
1.35728
-0.221%
GBP/JPY
213.173
0.072%
Real-time News
On May 3, OPEC issued a statement announcing that the seven OPEC+ countries (Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman) will hold an online meeting on May 3, 2026, to review the global market situation and outlook. The seven participating countries decided to implement a production adjustment of 188,000 barrels per day, on top of the additional voluntary adjustments announced in April 2023. This adjustment will be implemented in June 2026. The seven countries will meet again on June 7.On May 3, local time, Russian Presidential Press Secretary Dmitry Peskov stated that if Ukraine is unwilling to reach an agreement, Russia will use sustained and intensified military action until a "victory" is achieved to force it to accept it. Peskov emphasized that achieving the goal through a peace agreement—namely, resolving the Ukrainian issue through negotiations—remains a priority for Russia. Peskov stated that despite facing a "serious energy crisis," Russias interests will be protected. He pointed out that Ukraines attacks on Russian oil infrastructure will trigger a greater oil shortage, while the resulting increase in fuel prices will actually boost the revenue of Russian companies and the national treasury.TankerTrackers: This is the second time Iraq has shipped fuel oil to Syria for export by sea. The first shipment was sent to Spain last week.TankerTrackers: According to Al Jazeera, Iraq is diverting fuel to Syria in search of reliable alternative oil export routes due to the closure of the Strait of Hormuz.Iranian Foreign Ministry: Iranian Foreign Minister Araqchi briefed the Omani Foreign Minister on Irans efforts to end the war.
