OIL: Positive Outlook for Global Oil Demand Growth: Russia’s Novak
Mar-26 13:50
Russia’s Deputy PM Alexander Novak said that he is positively assessing the current growth in global oil demand and that the global economy would grow, Interfax reported.
- He noted that there are differing assessments for this year’s oil demand growth, with the range likely 1.0m-1.5m b/d.
- He declined to offer an outlook for how additional US sanctions on buyers of Venezuelan oil could influence global oil demand
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
CANADA DATA: Q4 Business Profits +2.1% Led By Non-Financials
Feb-24 13:49
- Canadian Q4 corporate net income before taxes +2.1% to CAD164.5B.
- Increase driven by non-financial sector +3.2% led by telecommunications, motor vehicle manufacturing and mining while decline in pharmaceutical, petroleum and coal moderated those gains.
- Financial sector -0.7%. Banking and other depository credit intermediation industry contributed most to sector decline due to asset sales and increase in non-recurring expenses. Gains in dividends and interest income partially offset decreases.
US TSY FUTURES: BLOCK: Mar'25 10Y Buy
Feb-24 13:43
- +5,300 TYH5 109-17.5, post-time offer at 0830:02ET, DV01 $335,000. The 10Y contract remains under pressure, however, trading 109-16 last (-6).
GILTS: Roll Activity Continues To Tick Over, Around A Third Complete
Feb-24 13:39
Futures roll trading continues to tick over, with the H5/M5 spread trading down from 0 to -5 over the past week or so as activity has picked up ahead of Thursday’s first notice for H5.
- Spread last -5/-4.
- Latest indications point to just under 32% roll completion vs. just under 20% at Friday’s close.
