Vincent, deputy governor of the Bank of Canada: The biggest risk is that the recent pricing behavior of companies may be self-perpetuating.

Vincent, Deputy Governor of the Bank of Canada: If the recent pricing behavior of companies becomes the new normal, it may complicate the return of inflation to low, stable and predictable conditions.

Vincent, Deputy Governor of the Bank of Canada: More frequent and larger price increases by businesses are closely related to strong growth in inflation.

CEO of the Nigerian National Petroleum Corporation: In the next three to four years, Nigeria will become the natural gas center of West Africa.

CEO of the Nigerian National Petroleum Corporation: We are working with investors and partners to bring back a large amount of production capacity to Nigeria and supply natural gas to the market.

US President Biden: Drug manufacturers will discuss lowering prices.

Hungarian Banks Association: Favorable interest rates will help boost lending to businesses and households and revive the construction industry.

Hungarian Banks Association: Supports the Economy Ministry’s proposal to require banks to implement voluntary interest rate caps.

Spot palladium fell 2.00% on the day and is now at $1,183.10 per ounce.

U.S. House Speaker McCarthy: I have a good relationship with House Minority Leader Jeff Reese.

ADNOC Vice President Sales and Trading: ADNOC’s trading unit seeks organic growth rather than M&A.

Market news: Ukrainian President Zelensky visited troops near Kupyansk in eastern Ukraine.

Indian Petroleum Minister: It is the sovereign right of oil producing and exporting countries to determine production capacity, but this is limited by the principle of intended and unintended consequences.

Indian Oil Minister: Oil producing countries need to show sensitivity to consuming countries.

Nigeria’s Petroleum Minister: Measures are being taken to increase natural gas production.

Indian Petroleum Minister: Ensuring access to affordable energy is necessary for social progress.

German Geoscience Research Center GFZ: A 6.0-magnitude earthquake occurred in southeastern Honshu, Japan.

Kremlin: We have questions about Armenia’s current leadership.

The Kremlin responded to the Armenian parliament’s approval of a bill accepting the jurisdiction of the International Criminal Court: We do not want Russian President Vladimir Putin to be forced to refuse to visit Armenia. Armenia is our ally, our partner, we have a lot in common.