Oil summary comes via ANZ, plenty to chew on:
negotiations amongst EU member states on sanctions on Russia oil failed to reach an agreement
Saudi Arabia’s oil minister warned that the entire energy market is running out of capacity. His UAE counterpart added that without more global investment, OPEC+ won’t be able to guarantee sufficient oil supplies when demand fully recovers from the pandemic.
The US Energy Information Administration reduced its forecast for domestic production to 11.9mb/d, as US drillers raised output at a slower pace.
Oil (WTI) slid back under $100: