Gazprom Neft set a Russian record in the summer by completing 30 hydraulic fractures along the length of one well at cluster 933. Russia’s enormous Bazhenov formation in Siberia is estimated by the US Department of Energy to be the single largest deposit of shale oil in the world. Source: FT
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Talks between Turkey and Russia for Ankara to procure S400 missiles for a domestic air defense system have “progressed significantly”, Turkey’s Defence Minister Fikri Isik, said on Wednesday. Isik also said that Turkey’s preference was to originally buy a NATO system but that wasn’t possible. Source: Reuters
Bank of Japan Governor Haruhiko Kuroda said Wednesday that pushing rates further into negative territory was off the table, reflecting both his upbeat inflation outlook and his concerns over the contentious policy measure. The BOJ introduced the measure in January 2016, imposing a 0.1% charge on certain yen deposits. Source: MarketWatch
The European Central Bank could consider renewing its offer of free long-term liquidity to lenders though it shouldn’t turn it into a permanent measure, a Governing Council member said. The ECB is scheduled to offer the last of its long-term loans to banks next month. Source: Bloomberg