As of March, the biggest explorers had hedged 28% of this year’s production, according to Warren Russell and Michael Cohen of Barclays Plc. There are no guarantees for 2018, however, when most of the hedges expire. “Now that it’s trading under $50, not many people are rushing to hedge.” Source: Bloomberg/WorldOil
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Poland has signed its first deal to purchase liquefied natural gas from a U.S. supplier, a step that will help the country’s efforts to cut its dependence on deliveries from Russia, officials said Thursday. Source ABC news
The United States is pursuing global strategic domination through developing anti-ballistic missile systems capable of a sudden disarming strike against Russia and China, according to the deputy head of operations of the Russian General Staff. Source RT
Turkey’s airstrikes overnight to April 25 on areas of Iraq and Syria along the border trigger most serious concerns in Moscow. “Such moves trigger most serious concern in Moscow. We are talking about actions by Turkish military against Kurdish forces that really stand against terrorist groups, first of all Islamic State, on the ground,” the ministry said. Source TASS