EUR/USD
1.17626
-0.208%
Gold
4783.73
-0.765%
Oil
86.716
1.350%
USD/JPY
159.194
0.235%
GBP/USD
1.35122
-0.156%
GBP/JPY
215.111
0.095%
Real-time News
April 21 – According to five sources and Reuters calculations, Russia was forced to cut oil production in April due to Ukrainian drone attacks on ports and refineries, as well as disruptions to crude oil supplies through Russias only oil pipeline to Europe. Sources indicated that Russian oil production in April likely fell by approximately 300,000 to 400,000 barrels per day compared to the average level at the beginning of the year, potentially the most severe monthly decline in Russian production since the pandemic began. Oil, primarily sourced from fields in the West Siberian Basin, is the lifeblood of Russias $3 trillion economy; therefore, the decline in oil production will reduce the fiscal revenue of the worlds second-largest oil exporter. However, the potential losses may be somewhat mitigated by the conflict with Iran. Russian Finance Minister Anton Siluanov stated last Thursday that high oil prices will help reduce the budget deficit.According to five sources and related calculations, Russias oil production in April fell by about 300,000 to 400,000 barrels per day compared to the average level in the first few months of this year.On April 21, US President Trump stated on social media that Iran had repeatedly violated the ceasefire agreement. However, he did not provide specific details.Both WTI and Brent crude oil prices rose by $0.80 in the short term after Trump claimed that Iran had repeatedly violated the ceasefire agreement.U.S. State Department: The U.S. military said the ship was boarded and inspected in the Indo-Pacific region.
